"The Federal Reserve stands to take additional actions as needed to provide liquidity and promote the orderly functioning of the markets."

- Chairman Bernanke at Jackson Hole, National Post, September 1, 2007

"Lowering interest rates will certainly help the stock market. There is no question about it."

- CIO Harris Private Bank, Bloomberg, September 11, 2007

(In early September, treasury bill rates were 4.35%. The recent low has been 0.0%)

"Bernanke claims his rate cut would enable him to 'To get out ahead of the situation."

- Wall Street Journal, September 20, 2007

"The Federal Reserve will continue to monitor the financial markets and act as needed to support the effective functioning of these markets and to foster sustainable growth and price stability."

- Fed Governor Randall Kroszner, AP, October 22, 2007

"[T]he 1970s gave way to an age of low inflation thanks in large part to the skill with which central banks learnt to steer policy."

- The Economist, October 18, 2007

"Ben Bernanke is smarter than I am and thinks about this 24/7 which I don't. He leads a superb committee. He is backed by the best monetary policy technical economic staff in the world."

- J. Bradford deLong, Professor at Berkeley. Blog, week of March 19, 2008

"So Congress tried to make sure it would never happen again by creating a system of regulations and guarantees that provided a safety net for the financial system."

- Paul Krugman, explaining interventionist measures installed after the 1929 debacle.
New York Times, March 21, 2008

"For the first time in months, analysts and executives sound upbeat."

- International Herald Tribune, May 2, 2008

"US policymakers deserve the Nobel Prize for applied economics. The policy response to financial asset deflation was not only fast, but extremely well coordinated."

- Jasper Koll, President, Tantallon Research, Business Times,
Singapore Investment Round Table, May 15, 2008