The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.
If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.
And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.
The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.
It is one of the strongest bonds, I think, that can spring up between people: sharing a passion for certain books and their authors.
I suppose that, after the passion of love, water rights have caused more trouble than anything else to the human species.
The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.
In recent years, the choice of drugs on these reservations and throughout my district has been methamphetamines. It has destroyed the rule of law among the reservation people. It is killing our tribal youth in this country.
The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
The need for a non-veteran reserve became painfully obvious in the Korean war when many of the men who were being called to serve were World War II veterans participating in Ready Reserve units.
I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have ...
To understand American Indians is to understand America. This is the story of the paradoxically least and most American place in the twenty-first century. Welcome to the Rez.
When I go to Indian reservations in the West, and especially to the Pine Ridge Reservation, I sometimes feel unsure where to put my foot when I open the car door. The very ground is different from where I usually stand. There are fewer curbs, fewer s...
Sixty percent of all Indians live in urban areas, but nobody's writing about them. They're really an underrepresented population, and the ironic thing is very, very few of those we call Native American writers actually grew up on reservations, and ye...
I suspected, however, that I wasn't homesick for anything I would find at home when I returned. The longing was for what I wouldn't find: the past and all the people and places there were lost to me.
You know, if we're going to bring down the price of gas, you have to have three things. You have to have a big reserve, you have to have the ability to develop oil out of that reserve quickly, and you have to be able to produce oil at a relatively lo...
We filed a constitutional rights lawsuit on my reservation, and I had to go out and interview all these old people. And I found that many of the old people on my reservation didn't know who was president. That kind of pointed out to me the irrelevanc...
Sneaky and underhanded, the Federal Reserve has been sucking the life blood out of the United States since 1913. Like a black widow spider, it weaves a web of corruption and deceit. Unknown to its prey, the FED's bite is poisonous, deep, long-lasting...
I have reservations about everything I do.
I've always been fairly reserved and laid-back.
