Timothy Geithner Quotes

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.

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.

Monetary Policy Itself Cannot Sensibly Be Directed At Reducing Imbalances.

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

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

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.

The Rest Of The World Needs The U.s. 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.

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.

Financial Crises Require Governments.

The Plausible Outcomes Range From The Gradual And Benign To The More Precipitous And Damaging.

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.

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.