Quotes of All Topics . Occasions . Authors
In the summer of 1965 I was invited to join Western Reserve University in Cleveland, Ohio and returned to academic life as professor with the added responsibility of becoming also Department Chairman.
I wasn't able to do much reading when I was chairman of the Reserve Board. The workload was too large, and the luxury of reading was not available to me. So I caught up a good deal when I left office.
When I'm in 'Man vs. Wild' mode, it's not pleasure. Every sensor is firing and I'm on reserve power all the time and I'm digging deep - and that's the magic of it as well, and that's raw and it's great.
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.
In 2008, Goldman Sachs only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.
When they return home from serving our country, our National Guard and Reserve members shouldn't have to be confronted with red tape in order to access the benefits they've earned fighting for our country.
I can see how Americans misconstrue British reserve, and I can see how British people misconstrue American enthusiasm. I think I'm somewhere in between the two. Although I'm outgoing, I'm also very private.
Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession.
My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
The United States has the world's largest and most innovative economy, an unmatched rule of law, and a free market that is the envy of the international community. For investors, we are the reserve currency.
In the last 17 years of his working life, my father was finally rewarded with having landed a great job as first, a maintenance engineer, and then a senior locksmith with the Federal Reserve Bank of New York.
I can't tell you what the Army end strength will be. I know it has to be above 500,000. I know it has to be above 500,000 in the regular Army - and I've always said associated growth in the Guard and Reserve.
The financial markets are rigged by the big banks, the Federal Reserve, and the Treasury in the interests of the profits of the few big banks and the dollar's exchange value, which is the basis of U.S. power.
Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.
Who's been with me longest? Kevin Blackwell. I signed him as a goalkeeper at Scarborough in '86 and he's basically been with me my whole career. He's been my goalkeeper, reserve goalie, now my assistant manager.
The Federal Reserve system obviously doesn't work anymore - they keep lowering the federal discount rate, and all that happens is that the banks are making a fortune, and the old folks' CDs are getting chewed up.
The Federal Reserve places great importance on our relations with the Bundesbank. Few such relationships have been as important, over the decades, in promoting financial stability and prosperity around the world.
At the global level, there are a growing number of city-based bike-sharing programs that take advantage of mobile devices to reserve your bike, keep track of it, and collect data that helps to improve the service.
The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the 'banks too big to fail.'
I've always been fascinated by India and its color and vibrancy. I worked in Madhya Pradesh in the Kanha National Game reserve before university, and it is probably the most intoxicating country I have ever visited.
It's very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.
There are few historians who would challenge the fact that the funding of World War I, World War II, the Korean War, and the Vietnam War was accomplished by the Mandrake Mechanism through the Federal Reserve System.
I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.
If we want our nuclear stockpile to truly serve the interests of our country in a strategic, balanced manner, we have to change course. That means pursuing creative options such as reducing the weapons held in reserve.
This is just what I have thought when I have seen slaves at work - they seem to go through the motions of labor without putting strength into them. They keep their powers in reserve for their own use at night, perhaps.
Back in 1983, quarterback Tommy Kramer got hurt and the Minnesota Vikings traded for me. The plan was for me to play, but I got something called Graves' disease, an autoimmune disorder, and wound up on injured reserve.
In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008.
If you could literally 'rid' yourself of your problems by voicing them, I'd be all for it. But since that isn't so, why not reserve the spoken word for functional interactions and witticisms, if not declarations of love?
We reserve the term 'genius' for people who are creative, who are innovators, who think in ways that are entirely new. In the Middle Ages, the term 'genius' was reserved for people with the best memories. That is telling.
Recently, a friend sent me the online musings of a televangelist who advised his thousands of followers that the Federal Reserve achieved satanic ends by manipulating the world's money supply. Paranoia has replaced piety.
Of your own indefatigable labor from early dawn and of your explicit instructions, that the batteries should reserve their ammunition, until the grand charge should commence, for which the enemy were undoubtedly preparing.
It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts.
Think about the blouse you want to wear for that big meeting with your boss, or the skirt you want to reserve for a client dinner. Once you've pinpointed the item that you'll feel good in, the other pieces will fall into place.
In the university library, we know when a book has been used in a class or put on reserve... or while it was out, did somebody call it back in. It turns out to be a pretty good indicator of how relevant the work is at that time.
The greatest economic power might in fact remain in the hands of the Federal Reserve. Economists credit the Fed's policy of keeping interest rates at historic lows with helping to pump up the economy and bring unemployment down.
As a mom of three young kids, it's difficult to reserve a big chunk of time for shopping, so I try to get my gifts little by little throughout the year. I think this is especially helpful for those of us who are budget conscious.
There are unknown forces in nature; when we give ourselves wholly to her, without reserve, she lends them to us; she shows us these forms, which our watching eyes do not see, which our intelligence does not understand or suspect.
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.
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.
It was frustrating at Arsenal, obviously. For a year and a half, it went from bad to worse. I could no longer continue like that. I could not bring myself to spend another year at Arsenal and remain a reserve, even a second reserve.
The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.
Every New Year comes with a list of predictions. Self-predictions, world predictions, how many times Lindsay Lohan will get arrested predictions, etc. I reserve the annual trend for people with genuine psychic ability and/or bloggers.
When the START 2 treaty has been implemented - and remember it has not yet been ratified - we will be left with some 15,000 nuclear warheads, active and in reserve. Fifteen thousand weapons with an average yield of 20 Hiroshima bombs.
Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
I couldn't be happier that President Bush has stood up for having served in the National Guard, because I can finally put an end to all those who questioned my motives for enlisting in the Army Reserve at the height of the Vietnam War.
The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.
I'm a fully trained cosmonaut and have completed 800 hours training, which has made me the No. 1 civilian reserve ready to visit the International Space Station. I am determined to go up, and I want to explore the Moon, Mars and beyond!