The one instrument that has relative political autonomy is…

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it…

— Janet Yellen

Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank…

— Mark Zandi

The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation,…

— Janet Yellen

For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our…

— Dalia Grybauskaite

I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But…

— Charles L. Evans

Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. (...) The American people have suffered long enough under…

— Ron Paul

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest…

— Toshihiko Fukui

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if…

— James Grant

The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they…

— Milton Friedman

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and…

— James Rickards

The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling…

— David Stockman

I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates,…

— Raghuram Rajan

I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate…

— Paul Krugman

What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such…

— Milton Friedman

[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the…

— Mohamed El-Erian