--- title: "Meaning & Key Takeaway of: The Fed has got to become a more…" description: "\"The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.\" — Bernie Sanders" image: "https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg" --- # The Fed has got to become a more democratic institution… ![“The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.” quote by Bernie Sanders](https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg) [Download](https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg) [Open image](https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg) > “The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.” [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The Federal Reserve should be more accountable to ordinary citizens, not just financial elites. **In simple terms:** Fed must serve the people. Key Takeaway Advocate for democratic financial policies. Themes economic equity democracy policy reform Mood hopeful urgent Type political activist When to use this quote - voting - community organizing - policy advocacy - financial education Key Concepts Monetary policy institutional accountability social justice Questions to Reflect On - How can citizens influence monetary policy? - What reforms would make the Fed more inclusive? A Different Perspective Changing the Fed requires political will and public pressure. ★ ★ ★ ★ ★ No ratings yet [Ceo](https://sms4smile.com/quotes/about/ceo/) [Class](https://sms4smile.com/quotes/about/class/) [Customer](https://sms4smile.com/quotes/about/customer/) [Democratic](https://sms4smile.com/quotes/about/democratic/) [Democratic Institution](https://sms4smile.com/quotes/about/democratic-institution-1154488/) [Feds](https://sms4smile.com/quotes/about/feds/) [Got Democratic](https://sms4smile.com/quotes/about/got-democratic-2191998/) [Institution Responsive](https://sms4smile.com/quotes/about/institution-responsive-2261541/) [Institutions](https://sms4smile.com/quotes/about/institutions/) [Middle](https://sms4smile.com/quotes/about/middle/) [Middle class](https://sms4smile.com/quotes/about/middle-class/) [More](https://sms4smile.com/quotes/about/more/) [Needs](https://sms4smile.com/quotes/about/needs/) [Needs Middle](https://sms4smile.com/quotes/about/needs-middle-2261540/) [Street](https://sms4smile.com/quotes/about/street/) [Streets](https://sms4smile.com/quotes/about/streets/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [For Democrats to win, they're going to have to address the needs of working people. 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So,…](https://sms4smile.com/quotes/bernie-sanders/we-have-to-fundamentally-rethink-our-trade-policy-and-make-it-work/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [In the 1980s and 1990s, Jack Welch, the CEO of General Electric, laid off over 100,000 employees. His reward? When he retired from GE,…](https://sms4smile.com/quotes/bernie-sanders/in-the-1980s-and-1990s-jack-welch-the-ceo-of-general-electric-laid/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [This is what income inequality means in America, and why the gap between the very rich and everyone else is growing wider. According to…](https://sms4smile.com/quotes/bernie-sanders/this-is-what-income-inequality-means-in-america-and-why-the-gap/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating.](https://sms4smile.com/quotes/bernie-sanders/two-thirds-of-the-directors-at-the-new-york-fed-are-hand-picked-by/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Strategy is not a solo sport, even if you're the CEO.](https://sms4smile.com/quotes/max-mckeown/strategy-is-not-a-solo-sport-even-if-you-re-the-ceo/) [Max McKeown](https://sms4smile.com/quotes/author/max-mckeown/) > [I learned a lesson that I don't ever want to be a CEO.](https://sms4smile.com/quotes/larry-wilcox/i-learned-a-lesson-that-i-don-t-ever-want-to-be-a-ceo/) [Larry Wilcox](https://sms4smile.com/quotes/author/larry-wilcox/) > [I took on the role of CEO, which involves directing the Management Team and overall day-to-day operations of 500.](https://sms4smile.com/quotes/christine-tsai/i-took-on-the-role-of-ceo-which-involves-directing-the-management/) [Christine Tsai](https://sms4smile.com/quotes/author/christine-tsai/) > [When you're young and you have money, you become the CEO, automatically, of life, of your family.](https://sms4smile.com/quotes/corey-haim/when-you-re-young-and-you-have-money-you-become-the-ceo-automatically/) [Corey Haim](https://sms4smile.com/quotes/author/corey-haim/) ## More by Bernie Sanders > [The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when…](https://sms4smile.com/quotes/bernie-sanders/the-rich-people-are-apparently-leaving-america-they-re-giving-up/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [As the longest serving Independent in the history of the United States Congress, as somebody who came into office by defeating an incumbent Democratic…](https://sms4smile.com/quotes/bernie-sanders/as-the-longest-serving-independent-in-the-history-of-the-united/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory…](https://sms4smile.com/quotes/bernie-sanders/what-wall-street-and-credit-card-companies-are-doing-is-really-not/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [What we have got to do immediately is to say that racism and xenophobia is totally unacceptable and we will stand with the 1…](https://sms4smile.com/quotes/bernie-sanders/what-we-have-got-to-do-immediately-is-to-say-that-racism-and/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [In 1999, Hoffmann-LaRoche paid a $500 million criminal fine for leading a worldwide conspiracy to fix prices for certain vitamins.](https://sms4smile.com/quotes/bernie-sanders/in-1999-hoffmann-laroche-paid-a-500-million-criminal-fine-for-leading/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [We need a strategy. And the goal is to bring millions of people together.](https://sms4smile.com/quotes/bernie-sanders/we-need-a-strategy-and-the-goal-is-to-bring-millions-of-people/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [We are living at a time where a handful of people have wealth beyond comprehension - huge yachts, jet planes, tens of billions of…](https://sms4smile.com/quotes/bernie-sanders/we-are-living-at-a-time-where-a-handful-of-people-have-wealth-beyond/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [The deficit crisis is real and must be addressed. But it cannot be solved on the backs of the weak and vulnerable.](https://sms4smile.com/quotes/bernie-sanders/the-deficit-crisis-is-real-and-must-be-addressed-but-it-cannot-be/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [I want to break up the Wall Street banks. Hillary Clinton doesn't. I want to raise the minimum wage to 15 bucks an hour.…](https://sms4smile.com/quotes/bernie-sanders/i-want-to-break-up-the-wall-street-banks-hillary-clinton-doesn-t-i/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [The Palestinian people's needs must be respected.](https://sms4smile.com/quotes/bernie-sanders/the-palestinian-people-s-needs-must-be-respected/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Hillary Clinton wants to see that all Americans have the right to choose a public option in their health care exchange.](https://sms4smile.com/quotes/bernie-sanders/hillary-clinton-wants-to-see-that-all-americans-have-the-right-to/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [If you want to know if your food contains gluten, aspartame, high fructose corn syrup, trans-fats or MSG, you simply read the ingredients listed…](https://sms4smile.com/quotes/bernie-sanders/if-you-want-to-know-if-your-food-contains-gluten-aspartame-high/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [It reminds me in some ways of the debate taking place in this country and around the world in the late 1930s. There were…](https://sms4smile.com/quotes/bernie-sanders/it-reminds-me-in-some-ways-of-the-debate-taking-place-in-this-country/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [I am sure that there are some single payer advocates who think the only thing worth fighting for is single payer.](https://sms4smile.com/quotes/bernie-sanders/i-am-sure-that-there-are-some-single-payer-advocates-who-think-the/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [The case to be made is that we have got to get people involved - continue to get people involved in the political process…](https://sms4smile.com/quotes/bernie-sanders/the-case-to-be-made-is-that-we-have-got-to-get-people-involved/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) [Explore all 853 Bernie Sanders quotes ](https://sms4smile.com/quotes/author/bernie-sanders/) ## More Ceo quotes > [When you're young and you have money, you become the CEO, automatically, of life, of your family.](https://sms4smile.com/quotes/corey-haim/when-you-re-young-and-you-have-money-you-become-the-ceo-automatically/) [Corey Haim](https://sms4smile.com/quotes/author/corey-haim/) > [I took on the role of CEO, which involves directing the Management Team and overall day-to-day operations of 500.](https://sms4smile.com/quotes/christine-tsai/i-took-on-the-role-of-ceo-which-involves-directing-the-management/) [Christine Tsai](https://sms4smile.com/quotes/author/christine-tsai/) > [I learned a lesson that I don't ever want to be a CEO.](https://sms4smile.com/quotes/larry-wilcox/i-learned-a-lesson-that-i-don-t-ever-want-to-be-a-ceo/) [Larry Wilcox](https://sms4smile.com/quotes/author/larry-wilcox/) > [Strategy is not a solo sport, even if you're the CEO.](https://sms4smile.com/quotes/max-mckeown/strategy-is-not-a-solo-sport-even-if-you-re-the-ceo/) [Max McKeown](https://sms4smile.com/quotes/author/max-mckeown/) > [For any CEO that is skeptical at all: you have to create a social enterprise today!](https://sms4smile.com/quotes/angela-ahrendts/for-any-ceo-that-is-skeptical-at-all-you-have-to-create-a-social/) [Angela Ahrendts](https://sms4smile.com/quotes/author/angela-ahrendts/) > [I draw the line at some things. Some things I won't do for any amount of money. Like for instance, there's a couple of…](https://sms4smile.com/quotes/robert-crumb/i-draw-the-line-at-some-things-some-things-i-won-t-do-for-any-amount/) [Robert Crumb](https://sms4smile.com/quotes/author/robert-crumb/) > [I want to share that I had and still do, and a great relationship with Angela Ahrendts. She was the CEO of Burberry. One…](https://sms4smile.com/quotes/judith-e-glaser/i-want-to-share-that-i-had-and-still-do-and-a-great-relationship-with/) [Judith E. Glaser](https://sms4smile.com/quotes/author/judith-e-glaser/) > [If the CEO is not going to give you a fair chance, you're probably not going to win.](https://sms4smile.com/quotes/marshall-goldsmith/if-the-ceo-is-not-going-to-give-you-a-fair-chance-you-re-probably-not/) [Marshall Goldsmith](https://sms4smile.com/quotes/author/marshall-goldsmith/) > [I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I…](https://sms4smile.com/quotes/steve-jobs/i-have-always-said-if-there-ever-came-a-day-when-i-could-no-longer/) [Steve Jobs](https://sms4smile.com/quotes/author/steve-jobs/) > [Governor Romney may be running for CEO, I'm running for President](https://sms4smile.com/quotes/newt-gingrich/governor-romney-may-be-running-for-ceo-i-m-running-for-president/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [Culture is what happens when the CEO isn't in the room.](https://sms4smile.com/quotes/john-collison/culture-is-what-happens-when-the-ceo-isn-t-in-the-room/) [John Collison](https://sms4smile.com/quotes/author/john-collison/) > [Political journalists love graduate student intelligence, the ability to make clever allusions in seminars, and in 1999-2000 they hassled George W. 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They're going to have co-CEOs...which is a very uncomfortable structure.](https://sms4smile.com/quotes/martin-sorrell/it-doesn-t-make-much-sense-and-it-s-nil-premium-they-re-going-to-have/) [Martin Sorrell](https://sms4smile.com/quotes/author/martin-sorrell/) [Browse all 668 Ceo quotes ](https://sms4smile.com/quotes/about/ceo/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.", "creator": { "@type": "Person", "name": "Bernie Sanders" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/bernie-sanders/the-fed-has-got-to-become-a-more-democratic-institution-that-is/", "about": { "@type": "Thing", "name": "Ceo" }, "@id": "https://sms4smile.com/quotes/bernie-sanders/the-fed-has-got-to-become-a-more-democratic-institution-that-is/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg", "contentUrl": "https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg", "url": "https://sms4smile.com/quotes/i/330/bernie-sanders-233_ceo_the-fed-has-got-to-become-a-more-democra_2640068.jpg", "width": 1080, "height": 1080, "caption": "“The Fed has got to become a more democratic institution that is responsive to the needs of the middle class…” — Bernie Sanders", "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": "Bernie Sanders", "item": "https://sms4smile.com/quotes/author/bernie-sanders/" }, { "@type": "ListItem", "position": 4, "name": "The Fed has got to become...", "item": "https://sms4smile.com/quotes/bernie-sanders/the-fed-has-got-to-become-a-more-democratic-institution-that-is/" } ], "@id": "https://sms4smile.com/quotes/bernie-sanders/the-fed-has-got-to-become-a-more-democratic-institution-that-is/#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 } } ] } ```