Quotes about "Money & Wealth"

In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes. ”

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. ”

Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be. ”

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it. ”

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard. ”

I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy. ”

The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions. ”

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. ”

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007. ”