The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
More Quotes from Timothy Geithner:
The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.Timothy Geithner
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits.
Timothy Geithner
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
Timothy Geithner
To do otherwise would run the risk that monetary policy would be too accommodative, pulling resources from the future in a way that would alter the trajectory for the growth of the capital stock, perhaps amplifying the imbalances, and compromising the price stability.
Timothy Geithner
And if all else were equal ... monetary policy in the affected countries would have to adjust in response policy would have to act to offset these effects in order to achieve the same impact on the future path of demand and inflation.
Timothy Geithner
The choice is between which mistake is easier to correct: underdoing it or overdoing it.
Timothy Geithner
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Based on Topics: Quality Quotes, Success QuotesBased on Keywords: commitments, imbalances, monetary, suspects
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