"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession."

Economy, Effect, Will

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"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession."

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"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."

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"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."

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"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."

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"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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"Not every single broke and unemployed person needs a job, some need customers."

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"A reputation for money is almost as negotiable as money itself."

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"Capitalism is the most powerful tool for positive social change."

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"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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Explore more quotes by Franklin Raines

"Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get."

Finance

"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."

Economy

"Well, there are about 10 million children that aren't covered by health insurance. About 3 million qualify for Medicaid but don't get it, so we're going to reach out and bring more of those kids into the Medicaid program."

Health

"They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up."

Expectation

"We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year."

Economy

"And so the danger for the housing industry is if we see interest rates rise."

Danger

"Well, I think the best form would be to put money directly in the pockets of consumers."

Money

"So from the housing standpoint, steady as you go, I think, would be the best medicine."

Stability

"And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms."

Interest

"Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers."

Money