Quotes About The Federal Reserve Bank

#1. The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

Janet Yellen

#2. A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

P. J. O'Rourke

#3. The Federal Reserve bank buys government bonds without one penny ...

John C. Danforth

#4. There is two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank.

Will Rogers

#5. The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

Robert Fogel

#6. I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96.

Herman Cain

#7. I know the Federal Reserve Bank can continue to print more and more money ... but city and state governments cannot.

Robert Kiyosaki

#8. When we went to automatic espresso machines, we solved a major problem in terms of speed of service and efficiency. At the same time, we overlooked the fact that we would remove much of the romance and theater that was in play.

Howard Schultz

#9. Let us never lose courage or despair of God's mercy. We have only to humble ourselves before God in order to obtain grace to become all that we ought to be.

Rose Philippine Duchesne

#10. It is no coincidence that the century of total war coincided with the century of central banking.

Ron Paul

#11. The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment ... the European Central Bank has only the first. It has no commitment to keep employment up.

Noam Chomsky

#12. In the moonlight, he looked devastatingly beautiful.

Kirsty Moseley

#13. The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.

Robert Zoellick

#14. By loving more, you let your love live forever. The more you love, the more love you will have to give away.

Debasish Mridha

#15. We sin so much, we deceive so much, and all for what? I'm over fifty, my friend ... I'll ... Everything ends in death, everything. Death is terrible. He

Leo Tolstoy

#16. Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.

Bernie Sanders

#17. My dog does have his failings, of course. He's afraid of firecrackers and hides in the clothes closet whenever we run the vacuum cleaner, but, unlike me he's not afraid of what other people think of him or anxious about his public image.

Gary A. Kowalski

#18. Last week, Nathan left you at the altar. This week, you are a single woman honeymooning in the south of France. If that's not reclaiming your power, I don't know what is.

Leah Marie Brown

#19. Quantitative easing is just the latest chapter in the Federal Reserve's hundred-year history of failure. ( ... ) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.

Ron Paul

#20. Von Pein's family was a little known, but highly influential entity within American banking circles. Banking Royalty, some called it. His grandfather had been one of the chief orchestrators of the Federal Reserve Act of 1913, which effectively took ownership of the bank from the American people.

James Morcan

#21. Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.

Nelson W. Aldrich

#22. Luxury starts where functionality ends and where the true value is personal and so has no price or reason.

Marcel Wanders

#23. There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

Robert C. Solomon

#24. The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.

Milton Friedman