Approval Quote by Mohamed El-Erian

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

I don't want Congress setting monetary policy.

— Richard Shelby

The central bank needs to be able to make policy without short term political concerns.

— Ben Bernanke

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow…

— Robert J. Shiller

Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.

— Urjit Patel

And we have a Fed that's doing political things. This Janet Yellen of the Fed. The Fed is doing political - by keeping the…

— Donald Trump

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that…

— Janet Yellen

If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress…

— Wright Patman

It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke…

— Wright Patman

There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in…

— Steve Hanke

...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

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest…

— Toshihiko Fukui