American history Quote by Jerome Powell

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts…

— David Malpass

The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that…

— Gerald Epstein

When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set…

— Louis Thomas McFadden

The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally…

— Gary North

Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people…

— Louis Thomas McFadden

The Fed has been acting in rare concert with central banks worldwide to encourage borrowing and spending - and risk. And because all the…

— Neil Macdonald

Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the…

— Thomas DiLorenzo

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes…

— Ron Paul

Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then go back…

— Gerald Epstein

People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility…

— Gerald Epstein

To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the…

— Janet Yellen

Many of those on the right distrust the Fed and want to eliminate its power in the belief that the private economy, including the…

— Gerald Epstein