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Historical perspectives on the current economic and financial crisis (with reference to Paul Volcker, Washington Irving, Walter Bagehot, Mother Caris, Rube Goldberg and Bismarck)

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  • Richard W. Fisher

Abstract

\"We are the nation's central bank and we are duty bound to apply every tool we can to clean up the mess that has soiled the face of our financial system and get back on the track of sustainable economic growth with price stability. The men and women of the Federal Reserve spend every waking hour doing their level best to perform their duty. Even if we have to deploy a little Rube Goldberg engineering to get the task done.\" ; Remarks before the World Affairs Council of Dallas/Fort Worth and the Dallas Committee on Foreign Relations, Dallas, Texas, December 18, 2008.

Suggested Citation

  • Richard W. Fisher, 2008. "Historical perspectives on the current economic and financial crisis (with reference to Paul Volcker, Washington Irving, Walter Bagehot, Mother Caris, Rube Goldberg and Bismarck)," Speeches and Essays 21, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:21
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    File URL: http://dallasfed.org/news/speeches/fisher/2008/fs081218.cfm
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