Central Bank Quotes - Page 1

The job of the Central Bank is to worry.
Alice Rivlin / Former Director Of The Office Of Management And Budget
Jobs
Finance
Worry
Job
Bank
Central
Central Bank
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The central bank needs to be able to make policy without short term political concerns.
Ben Bernanke / Economist
Able
Needs
Policy
Political
Term
Bank
Central
Central Bank
Concerns
Short
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We made a decision that monetary policy will be made by an independent European Central Bank.
Gerhard Schroder / Former Chancellor Of Germany
Decision
Independent
Made
Monetary
Monetary Policy
Policy
Bank
Central
Central Bank
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A Central Bank official said that Q-coin did not affect the renminbi; it adds vibrancy to the economy.
Ma Huateng / Entrepreneur
Economy
Said
Adds
Affect
Did
Bank
Central
Central Bank
Official
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I believe that being in a position, as a central bank, to influence economic growth does not mean losing independence.
Elvira Nabiullina /
Independence
Economic
Economic Growth
Growth
Influence
Losing
Position
Bank
Central
Central Bank
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Most of the policies that support robust economic growth in the long run are outside the province of the central bank.
Ben Bernanke / Economist
Economic
Economic Growth
Growth
Robust
Support
Bank
Central
Central Bank
Run
Long Run
Outside
Policies
Province
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A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.
Jerome Powell /
Currency
Cyber
Digital
Target
Theft
Attacks
Bank
Central
Central Bank
Global
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My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld.
Elvira Nabiullina /
Government Officials
Officials
Bank
Board
Central Bank
Upheld
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We've delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.
Beppe Grillo /
Bank
Central Bank
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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 / Economist
Care
Employment
Inflation
Pure
Bank
Cares
Central
Central Bank
Mandate
Opposed
The Only Thing
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As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.
Elvira Nabiullina /
Economic Growth
Former
Instruments
Bank
Central Bank
Minister
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History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Ben Bernanke / Economist
Collapse
Economy
Financial
Protect
Smart
Bank
Central
Central Bank
Market
Proves
Sector
Stock
Stock Market
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Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.
Urjit Patel /
Continuum
Monetary
Monetary Policy
Policy
Rate
Transmission
Bank
Central
Central Bank
Determines
Interest Rates
Overnight
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A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.
Janet Yellen / Economist
Average
Crucial
Goods
Increase
Inflation
Rate
Bank
Broad
Central
Central Bank
Prices
Services
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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 /
Country
Federal Reserve
Structure
Bank
Established
Central
Central Bank
Precisely
Reserve
Similar
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At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.
Ben Bernanke / Economist
Deployment
Operations
Actions
Bank
Central
Central Bank
Funds
Involve
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If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.
Gita Gopinath /
Failure
Crisis
Debt
Mismanagement
Results
Bank
Central
Central Bank
Intervene
Market
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I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
Robert J. Shiller / Economist
Exposed
Inflation
Rely
Adjust
Bank
Central
Central Bank
Interest Rates
Rates
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
Ben Bernanke / Economist
Chance
Appropriate
Evolve
Guidance
Inference
Participants
Bank
Central
Central Bank
Likely
Provide
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In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
Ben Bernanke / Economist
Becoming
Independent
Mature
Modern
Responsible
Bank
Central
Central Bank
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However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Toshihiko Fukui /
Zero
Avert
Deflation
Monetary
Monetary Policy
Perception
Policy
Should
Spite
Bank
Below
Bound
Central
Central Bank
Interest Rates
Rates
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It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.
G. Edward Griffin / Film Producer
Acquire
Direct
Method
Modern Warfare
Taxation
Warfare
Accomplishing
Bank
Central
Central Bank
Governments
Preferred
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I don't think I've been too optimistic. The government believes the contraction will be around 1.5 per cent, as the central bank said. However, we're waiting to see the Commission estimate.
Luis De Guindos / Spanish Politician
Optimistic
Government
Believe
Thinking
Waiting
Bank
Believes
Cent
Central Bank
Commission
Contraction
Estimate
Per
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Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.
Abdul Aziz Al Ghurair / Executive
Balanced
Concerned
Heavy
Imposing
Needs
Regulation
Swings
Trends
Bank
Banks
Central
Central Bank
Trend
Swing
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We are on a crazy strategy with our central bank. It's good to have alternative ecosystems. It's not that the dollar will go away, but we need other options if it crashes or wildly inflates.
Patrick M. Byrne /
Ecosystems
Strategy
Alternative
Bank
Central
Central Bank
Crashes
Dollar
Go Away
Options
Wildly
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The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.
Urjit Patel /
Best Way
Financial
Financial Stability
Growth
Inflation
Stability
Support
Bank
Basis
Central
Central Bank
Durable
Ensure
Low
Plays
Role
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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 foreign reserves and changes in the money supply.
Steve Hanke /
Break
Monetary
Monetary Policy
Policy
Reserves
Bank
Central
Central Bank
Discretionary
Engage
Link
Supply
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In stabilizing the macroeconomic environment, we have focused on aligning fiscal with monetary policy and nudging the central bank toward the objective of more market-determined exchange rates.
Yemi Osinbajo /
Monetary
Monetary Policy
Bank
Central Bank
Exchange
Fiscal
Objective
Rates
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It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to occasionally disagree with the most powerful people in the country.
Raghuram Rajan / Adviser
Command
Disagree
Most Powerful
Policy
Powerful
Significant
Government People Country
Bank
Central
Central Bank
Government Country People
Governor
Unlike
Occasionally
Powerful People
Secretaries
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Cryptocurrencies like Bitcoin are already trustless - any machine can accept it from any other, securely. They are (nearly) free. They are global - no central bank required, and any machine can speak the language.
Naval Ravikant /
Bitcoin
Accept
Bank
Nearly
Central
Central Bank
Global
Required
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There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
George Osborne / British Politician
Debt
Sovereign
Thanks
Bank
Central
Central Bank
Economies
European
Fail
Largely
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A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
Ron Paul / Former U.s. Representative
Capitalism
Contracts
Creation
Credit
Determined
Interest
Saving
Savings
Sound
Bank
Central
Central Bank
Fiat
Interest Rates
Manipulated
Rates
System
Voluntary
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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 /
Independence
Federal Reserve
Hamilton
Uneasy
Alexander
Bank
Banks
Central
Central Bank
Earned
Federal
Reserve
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In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.
Abdul Aziz Al Ghurair / Executive
Banking
Choke
Hands
Regulation
Bank
Central
Central Bank
More And More
Region
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Bitcoin's revolution: an impossible-to-counterfeit digital store of value that can be used as money, that has no sovereign, or central bank involved, that can be sent anywhere instantly at virtually no cost, is irresistible. Anyone who uses it is converted.
Max Keiser / Broadcaster
Bitcoin
Cost
Digital
Involved
Irresistible
Revolution
Sovereign
Used
Anyone
Bank
Central
Central Bank
Converted
Instantly
Sent
Store
Value
Virtually
Uses
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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 / Linguist
Commitment
Different
Employment
Federal Reserve
Inflation
Two
Bank
Central
Central Bank
Too
First
High
Getting
European
Federal
Maintain
Official
Policies
Prevent
Reserve
Second
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What's brilliant about the United States system of government is separation of power. Not only the executive, legislative, judicial branches, but also the independence of the military from civilians, an independent media and press, an independent central bank.
Feisal Abdul Rauf / Imam
Independence
Branches
Brilliant
Civilians
Independent
Judicial
Media
Military
Separation
Bank
Central
Central Bank
Executive
Legislative
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Let's not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a fraudulent bank.
Sean Quinn /
Finance
Decided
Department
Legacy
Massive
Taxpayers
Bank
Central
Central Bank
Fraudulent
Losses
Unfairly
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Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.
Porter Stansberry / Financial Analyst
Currency
Savings
Good Money World
Accordingly
Good Money Always
Backed
Bank
Central Bank
Drives
Historically
Sets
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The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.
Janet Yellen / Economist
Independence
Inflation
Bank
Be True
Central
Central Bank
Charged
Controlling
Guard
Holds
Mainly
Principle
Securities
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Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
Ben Bernanke / Economist
Excess
Financial System
Guidelines
Inadequate
Liquidity
Objectives
Planning
Account
Bank
Broader
Central
Central Bank
Ensure
Pose
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Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.
Traian Basescu / President Of Romania
Acceptable
Calm
Drawing
Levels
Reserves
Resources
Romania
Waiting
Bank
Below
Central
Central Bank
Conduct
Drop
Efficiently
Floor
Wait
Intervene
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The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
Abdul Aziz Al Ghurair / Executive
Absence
Expensive
Facility
Liquidity
Peace Of Mind
Permanent
Requirements
Window
Peace Mind Peace Of Mind
Bank
Banks
Central
Central Bank
Cushion
Discount
Emergency
Managing
Securities
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The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.
Murray Rothbard / Economist
Enlargement
Insisting
Operations
Payment
Spectacular
Bank
Banks
Central
Central Bank
Coupled
Further
Impelled
Incorporated
Thus
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Central Bank Quotes - Page 1

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