Customer Quote by Milton Friedman

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

...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

A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level…

— Janet Yellen

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

Interest rates are used to achieve overall economic stability.

— Ben Bernanke

It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of…

— Elvira Nabiullina

Most savings rates are based on underlying interest rates.

— Martin Lewis

“Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive…

— McConnell Campbell

“The Federal Reserve dictated not only the interest rates at which banks could borrow from one another, as it does today, but also the…

— Yaron Brook

Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long…

— Raghuram Rajan

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal…

— Janet Yellen

There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much…

— Wright Patman