William McChesney Martin: “the role of the Fed is to 'lean against the wind,' or to 'take away…”

On the recordNovember 20, 2014

the role of the Fed is to 'lean against the wind,' or to 'take away the punch bowl just as the party is getting started.'

Said by

Texas

Source

Describes the Fed's countercyclical regulatory role.

William McChesney Martin: “the role of the Fed is to 'lean against the wind,' or to 'take away the punch bowl just as the party is getting…”