Stanley Fischer Quotes (12 Quotes)

We are mindful of the potential tragic consequences of events taking place in Indonesia,

The recovery is not firmly in place. There is no reason to withdraw stimulus right now. The need is to make sure that the recovery in Japan is self-sustained -- and that means it's hard to see any good reason for monetary policy to tighten.

The Fed clearly believes we've reached bottom or will reach it in a month or two. They believe there's a lot of expansion in the pipeline from the very low interest rates and from the fiscal expansion.

This is errant nonsense from people who have not read or looked at the programs that the IMF supports.

But it has also led to some startlingly wide inequalities environmental damage, disparities of education, poor working conditions, significant differences in wages, factors that are part of the reason for the expected protests outside, ... We must work to right these inequalities.

The aggressive action by the Fed was extremely welcome,

Some see it as a threat, some see it as an opportunity and some see it as inevitable,

We have a team arriving in Moscow at the end of next week that will have to look at the situation. Given what we know now about the changes in the exchange rate, the difficulties in the banking system and possible problems with the budget, it's clear the Russians will have to do quite a lot before that money can be released,

The Federal Republic of Yugoslavia authorities face the complicated task of stabilising and reviving a devastated economy after years of regional conflicts, international isolation and economic mismanagement.

This is a society that has been so burned by inflation, that no politician who produces inflation by any magnitude is going to survive, so they can't afford it. And if they can't afford it that means they can't print large amounts of money so they're going to have to get the budget in some sort of order.

Unfortunately, parliamentary backing has not been forthcoming for needed actions related to personal income tax, ... Nor have permanent measures to strengthen the pension fund.

I generally prefer to stand by the agreements we have signed with them (the Palestinian Authority).