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Edward Gramlich quotes

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    I Like this quote I dislike this quote“We're not explicitly targeting for any set of stock market values, ... Most of us think that we're managing the whole economy and we're trying to target inflation, unemployment. Period.”

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    I Like this quote I dislike this quote“This does not involve a change in the stance of monetary policy. It is a technical change,”

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    I Like this quote I dislike this quote“These are hard decisions, and I certainly feel for the affected employees, ... At the same time, the loan board has a responsibility to taxpayers, and to fostering the long-term health of the airline industry. Given our conclusion that the business plan submitted by the company is financially unsound, I believe it best not to approve the United proposal.”

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    I Like this quote I dislike this quote“I think that Greenspan does have a very good intuitive sense of the economy, and the hardest thing with central banking is dealing with turning points,”

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    I Like this quote I dislike this quote“The No. 1 goal of everyone who was there was keeping prices stable.”

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    I Like this quote I dislike this quote“There's no shortage of information. You have to figure out what's important.”

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    I Like this quote I dislike this quote“We needed some bankers. Presidents have realized that you're better off leaving the Fed alone, by getting good people over there and letting them manage the economy.”

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    I Like this quote I dislike this quote“We have done everything but tell you what our target is ... if you want to look at our past behavior, it's kind of magical. In the last decade (inflation excluding food and energy) has been between 1% to 2%.”

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    I Like this quote I dislike this quote“It never got acrimonious. They're both very reasonable people, they know each other well, they're friends. They have, I think in the scheme of things, a relatively modest disagreement.”

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    I Like this quote I dislike this quote“If you want to keep politicians out of the Fed's business, which we do, then we ought to stay out of their business. That's one viewpoint.”

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