Timothy Geithner quotes

We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up. (Timothy Geithner)
Monetary policy itself cannot sensibly be directed at reducing imbalances. View quote
Timothy Geithner
Most consequential choices involve shades of gray, and some fog is often useful in getting things done. View quote
Timothy Geithner
The choice is between which mistake is easier to correct: underdoing it or overdoing it. View quote
Timothy Geithner
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy. View quote
Timothy Geithner
Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time. View quote
Timothy Geithner
I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar. View quote
Timothy Geithner
We believe in a strong dollar ... Chinese financial assets are very safe. View quote
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. View quote
Timothy Geithner
This plan will work. View quote
Timothy Geithner
Financial crises require governments. (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. View quote
Timothy Geithner
The plausible outcomes range from the gradual and benign to the more precipitous and damaging. View quote
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. View quote
Timothy Geithner
And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way. View quote
Timothy Geithner
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. View quote
Timothy Geithner
As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. View quote
Timothy Geithner
The government can help, but we need to make this transition now to a recovery led by private investment, private. View quote
Timothy Geithner
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system. View quote
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. View quote
Timothy Geithner
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. (Timothy Geithner)
The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting. View quote
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. View quote
Timothy Geithner
Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability. View quote
Timothy Geithner
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households. View quote
Timothy Geithner