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In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic.
Stephen A. Schwarzman
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"In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic."
— Stephen A. Schwarzman #moneywealth

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In a financial crisis, only the Fed, as the lender of last resort, might stand between our eco…

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In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic. — Stephen A. Schwarzman

About Stephen A. Schwarzman

Stephen A. Schwarzman was a Businessman from United States (1947–present).

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Frequently Asked Questions

Who said "In a financial crisis, only the Fed, as the lender of last resort, might stand…"?
This quote is attributed to Stephen A. Schwarzman, a Businessman from United States.
When did Stephen A. Schwarzman live?
Stephen A. Schwarzman lived from 1947 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.