Quotations
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Alan Greenspan Quotes
«The effects of the present merger wave are yet to be determined, ... But, unless a relationship between bigness and market concentration can be more firmly rooted in anti-competitive behavior, bigness, per se, does not appear to be an issue for national economic policy.»
Author: Alan Greenspan
«We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.»
Author: Alan Greenspan
«As I see it, heightened job insecurity ... explains a significant part of the restraint on (wages), and the consequent muted price inflation, ... Surveys of workers have highlighted this extraordinary state of affairs.»
Author: Alan Greenspan
«Demand has been growing quite strongly in recent months, and the (Fed monetary-policy committee)? will have to judge whether that pace of expansion will be maintained (and), if so, whether it will continue to be met by solid productivity growth, as it apparently has been.»
Author: Alan Greenspan
«no doubt that the current stance of policy ? will need to be changed at some point.»
Author: Alan Greenspan
«When we see significant, dramatic changes ... we are skeptical as indeed we should be, ... bring together all of the facts we can marshal and the most sophisticated insights to explain those facts that we can.»
Author: Alan Greenspan
«We are not starting off with the proposition that inflation is a big bogey and that we will construct all sorts of arguments ... thwart it,»
Author: Alan Greenspan
«The Fed is struggling to find a firmer standard of monetary policy, ... The focus on asset prices has become an increasing issue of debate at the Fed.»
Author: Alan Greenspan
«modest, but it can be expected to be not negligible.»
Author: Alan Greenspan
«some drop-off in those earnings [from Asia] in the period ahead. In addition, there will be indirect effects on the U.S. real economy.»
Author: Alan Greenspan