William McChesney Martin Quotes

United States, Politician
December 17, 1906 – July, 27, 1998.

William McChesney Martin Jr. was the ninth and longest-serving Chairman of the United States Federal Reserve Bank, serving from April 2, 1951, to January 31, 1970, under five presidents. Martin, who once considered becoming a Presbyterian minister, was described by a Washington journalist as "the happy Puritan".

The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.

William McChesney Martin
- Position
- Warming
- Reserve
Too many of our prejudices are like pyramids upside down. They rest on tiny, trivial incidents, but they spread upward and outward until they fill our minds.

William McChesney Martin

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

William McChesney Martin
What's good for the United States is good for the New York Stock Exchange. But what's good for the New York Stock Exchange might not be good for the United States.

William McChesney Martin
- Good
- New York
- Stock