Quotations
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Alan Greenspan Quotes
«[The storms that ravaged the southern United States] are likely to exert a drag on employment and production in the near term and to add to the upward pressures on the general price level, ... But the economic fundamentals remain firm, and the U.S. economy appears to retain important forward momentum.»
Author: Alan Greenspan
«Many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade.»
Author: Alan Greenspan
«Overall, the household sector seems to be in good shape,»
Author: Alan Greenspan
«Threats of deflation, which were a significant concern last year, by all indications are no longer an issue before us, ... That clearly is a change that's occurred in the last number of weeks, and it's a change ... that's been long overdue and is most welcome.»
Author: Alan Greenspan
«Inflationary pressures will be reasonably well contained, so long as productivity is moving at a reasonably good clip,»
Author: Alan Greenspan
«I am honored to be nominated by President Bush and, if confirmed by the Senate, to continue my service as Chairman of the Board of Governors of the Federal Reserve System.»
Author: Alan Greenspan
«The [Fed policy-making] committee is of the view... that monetary policy accommodation can be removed at a pace that is likely to be measured,»
Author: Alan Greenspan
«That conclusion is based on our current best judgment of how economic and financial forces will evolve in the months and quarters ahead, ... Should that judgment prove misplaced, however, the [committee] is prepared to do what is required to fulfill our obligations to achieve the maintenance of price stability so as to ensure maximum sustainable economic growth.»
Author: Alan Greenspan
«at a measured pace.»
Author: Alan Greenspan
«Financial markets, along with households and businesses, seem to be reasonably well prepared to cope with a transition to a more neutral stance of monetary policy, ... Although many factors may affect inflation in the short-run, inflation in the long-run, it is important to remind ourselves, is a monetary phenomenon.»
Author: Alan Greenspan