--- title: "Meaning & Key Takeaway of: Under a cold turkey strategy, at each…" description: "\"Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the fu..." image: "https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png" --- # Under a cold turkey strategy, at each policy meeting the… ![“Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.” quote by Ben Bernanke](https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png) [Download](https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png) [Open image](https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png) > “Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.” [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A “cold turkey” approach sets the target interest rate in one decisive move rather than gradual steps. **In simple terms:** Set policy rates abruptly, not gradually. Key Takeaway Consider bold, decisive actions when needed. Themes monetary policy decision making economics Mood analytical cautious Type economic strategic When to use this quote - interest rate adjustments - financial crisis management - budget planning Key Concepts macro‑economics policy strategy Questions to Reflect On - When is a rapid policy shift justified? - What risks accompany abrupt changes? A Different Perspective Sudden changes can shock markets and cause instability. ★ ★ ★ ★ ★ No ratings yet [Cold](https://sms4smile.com/quotes/about/cold/) [Cold turkey](https://sms4smile.com/quotes/about/cold-turkey/) [Committees](https://sms4smile.com/quotes/about/committees/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fund](https://sms4smile.com/quotes/about/fund/) [Market Committee](https://sms4smile.com/quotes/about/market-committee-1617989/) [Meetings](https://sms4smile.com/quotes/about/meetings/) [Moving](https://sms4smile.com/quotes/about/moving/) [Policy](https://sms4smile.com/quotes/about/policy/) [Policy Meeting](https://sms4smile.com/quotes/about/policy-meeting-3583640/) [Rate](https://sms4smile.com/quotes/about/rate/) [Single step](https://sms4smile.com/quotes/about/single-step/) [Steps](https://sms4smile.com/quotes/about/steps/) [Strategy](https://sms4smile.com/quotes/about/strategy/) [Strategy Policy](https://sms4smile.com/quotes/about/strategy-policy-3583639/) [Turkey Strategy](https://sms4smile.com/quotes/about/turkey-strategy-3583638/) [Turkeys](https://sms4smile.com/quotes/about/turkeys/) [Want](https://sms4smile.com/quotes/about/want/) ## Related quotes > [Turkey is using the Islamic State in the same way as Pakistan used the Taliban in Afghanistan. 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but it can…](https://sms4smile.com/quotes/ben-bernanke/to-be-sure-the-provision-of-liquidity-alone-can-by-no-means-solve-the/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a…](https://sms4smile.com/quotes/ben-bernanke/consumers-going-through-foreclosure-typically-will-see-their-credit/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.](https://sms4smile.com/quotes/ben-bernanke/if-you-are-not-happy-with-yourself-even-the-loftiest-achievements-won/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.](https://sms4smile.com/quotes/ben-bernanke/high-levels-of-homeownership-have-been-shown-to-foster-greater/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-has-the-capacity-to-operate-in-domestic-money/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve will not monetize the debt.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-will-not-monetize-the-debt/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social…](https://sms4smile.com/quotes/ben-bernanke/to-avoid-large-and-unsustainable-budget-deficits-the-nation-will/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today-2/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Explore all 247 Ben Bernanke quotes ](https://sms4smile.com/quotes/author/ben-bernanke/) ## More Cold quotes > [Once ye made up yer mind to do somethin', 'tis better t'stumble o'er the small hillock of jump-ahead than t'bash yer head on the…](https://sms4smile.com/quotes/karen-hawkins/once-ye-made-up-yer-mind-to-do-somethin-tis-better-t-stumble-o-er-the/) [Karen Hawkins](https://sms4smile.com/quotes/author/karen-hawkins/) > [When you're scared - and I mean really scared, not just hearing a noise in the night, or standing toe to toe with someone…](https://sms4smile.com/quotes/alexander-gordon-smith/when-you-re-scared-and-i-mean-really-scared-not-just-hearing-a-noise/) [Alexander Gordon Smith](https://sms4smile.com/quotes/author/alexander-gordon-smith/) > [From the bitter cold winter at Valley Forge, to the mountains of Afghanistan and the deserts of Iraq, our soldiers have courageously answered when…](https://sms4smile.com/quotes/solomon-ortiz/from-the-bitter-cold-winter-at-valley-forge-to-the-mountains-of/) [Solomon Ortiz](https://sms4smile.com/quotes/author/solomon-ortiz/) > [When I get a chance to play golf or go on a boat with good people, take the boat out and put some lobsters…](https://sms4smile.com/quotes/bernie-mac/when-i-get-a-chance-to-play-golf-or-go-on-a-boat-with-good-people/) [Bernie Mac](https://sms4smile.com/quotes/author/bernie-mac/) > [Of course Messi could handle a cold Tuesday night in Stoke. He'd be drinking tea and relaxing beforehand. Me? I'd probably be the same.](https://sms4smile.com/quotes/neymar/of-course-messi-could-handle-a-cold-tuesday-night-in-stoke-he-d-be/) [Neymar](https://sms4smile.com/quotes/author/neymar/) > [This cold weather has set all the young Folks to providing Bedfellows. I have signed two or three Licences every Day \[as a Fairfax…](https://sms4smile.com/quotes/george-mason/this-cold-weather-has-set-all-the-young-folks-to-providing-bedfellows/) [George Mason](https://sms4smile.com/quotes/author/george-mason/) > [When my main character in 'Heat' climbs the tower, the highest diving platform, hoping to resume competitive diving after an injury, I am there…](https://sms4smile.com/quotes/michael-cadnum/when-my-main-character-in-heat-climbs-the-tower-the-highest-diving/) [Michael Cadnum](https://sms4smile.com/quotes/author/michael-cadnum/) > [You start playing when it's cold and you want to be playing when it's cold again.](https://sms4smile.com/quotes/jimy-williams/you-start-playing-when-it-s-cold-and-you-want-to-be-playing-when-it-s/) [Jimy Williams](https://sms4smile.com/quotes/author/jimy-williams/) > [It would be a piece of ingenuousness to accuse the man of today of his lack of moral code. 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We must heal the sick.](https://sms4smile.com/quotes/henrik-ibsen/what-s-to-become-of-the-morally-sound-left-out-in-the-cold-i-suppose/) [Henrik Ibsen](https://sms4smile.com/quotes/author/henrik-ibsen/) > [When I first started, all the reviews of Cold Chisel would say, 'This singer won't have a voice in six months.'](https://sms4smile.com/quotes/jimmy-barnes/when-i-first-started-all-the-reviews-of-cold-chisel-would-say-this/) [Jimmy Barnes](https://sms4smile.com/quotes/author/jimmy-barnes/) > [One of the problems trying to play an instrument outside in the cold is your fingers give up on you and you can't wear…](https://sms4smile.com/quotes/amy-macdonald/one-of-the-problems-trying-to-play-an-instrument-outside-in-the-cold/) [Amy Macdonald](https://sms4smile.com/quotes/author/amy-macdonald/) > [God tempers the cold to the shorn sheep.](https://sms4smile.com/quotes/henri-etienne-sainte-claire-deville/god-tempers-the-cold-to-the-shorn-sheep/) [Henri Etienne Sainte-Claire Deville](https://sms4smile.com/quotes/author/henri-etienne-sainte-claire-deville/) > [Those nights lying alone are not discontinuous with this cold hectic dawn. It is who I am.](https://sms4smile.com/quotes/anne-carson/those-nights-lying-alone-are-not-discontinuous-with-this-cold-hectic/) [Anne Carson](https://sms4smile.com/quotes/author/anne-carson/) [Browse all 5,381 Cold quotes ](https://sms4smile.com/quotes/about/cold/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.", "creator": { "@type": "Person", "name": "Ben Bernanke" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ben-bernanke/under-a-cold-turkey-strategy-at-each-policy-meeting-the-federal-open/", "about": { "@type": "Thing", "name": "Cold" }, "@id": "https://sms4smile.com/quotes/ben-bernanke/under-a-cold-turkey-strategy-at-each-policy-meeting-the-federal-open/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png", "contentUrl": "https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png", "url": "https://sms4smile.com/quotes/i/72b/ben-bernanke-1388_cold_under-a-cold-turkey-strategy-at-each-pol_1198401.png", "width": 1080, "height": 1080, "caption": "“Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best…” — Ben Bernanke", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ben Bernanke", "item": "https://sms4smile.com/quotes/author/ben-bernanke/" }, { "@type": "ListItem", "position": 4, "name": "Under a cold turkey strategy, at...", "item": "https://sms4smile.com/quotes/ben-bernanke/under-a-cold-turkey-strategy-at-each-policy-meeting-the-federal-open/" } ], "@id": "https://sms4smile.com/quotes/ben-bernanke/under-a-cold-turkey-strategy-at-each-policy-meeting-the-federal-open/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```