Quote by Danielle DiMartino Booth

“As a reminder, among other things, the FOMC sets the fed funds interest rate, the rate at which commercial banks lend reserve balances to…

— Danielle DiMartino Booth

I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where…

— Urjit Patel

The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.

— Jerome Powell

The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives…

— Wright Patman

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term…

— Ben Bernanke

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants…

— Ben Bernanke

I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to…

— Bill Vaughan

The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not…

— Jerome Powell

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

There are limits to monetary policy.

— Ben Bernanke

“I worked for one of those who pushed back against the majority. He was the lone member of the FOMC who voted against the…

— Danielle DiMartino Booth

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

— Ben Bernanke