Political Quotes

Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and employment; and to promote a stable and efficient financial system that serves all Americans well…

Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.

Congress, I hope, has the foresight to see that interest rates will not be this low forever.

GSE-type organizations are not essential to successful mortgage financing. Indeed, many other industrial countries without GSEs have achieved homeownership rates comparable to that of the United States. One device that has been widely used…