Central bank Quote by Toshihiko Fukui

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

Monetary policy itself cannot sensibly be directed at reducing imbalances.

— Timothy Geithner

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

Near-zero policy rates that may be considerably expansionary in an economy with high inflation could be contractionary when inflation is too close to zero,…

— Athanasios Orphanides

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

— Janet Yellen

For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The…

— Michael Spence

The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.

— Athanasios Orphanides

The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary…

— William Vickrey

I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates,…

— Raghuram Rajan

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

— Jack Kemp

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation…

— Milton Friedman

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