Monetary policy itself cannot sensibly be directed at reducing imbalances.
More Quotes from Timothy Geithner:
I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market.Timothy Geithner
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing.
Timothy Geithner
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
Timothy Geithner
The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
Timothy Geithner
The plausible outcomes range from the gradual and benign to the more precipitous and damaging.
Timothy Geithner
This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.
Timothy Geithner
Readers Who Like This Quotation Also Like:
Based on Keywords: imbalances, monetary, sensiblyThere's no taking trout with dry breeches.
Miguel de Cervantes
The first place to start is on enforcement. We who got the ADA passed did the hard part, the heavy lifting.
Major Owens
Jazz is not the format where I want to stay, but it really is a starting point for me.
Justin Guarini