Quotations
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Lyle Gramley Quotes
«I think the Fed needs to worry about the possibility it's flirting with deflation if it lets this go too far. When nominal rates get down toward zero, the Fed starts running out of ammunition.»
Author: Lyle Gramley
«Greenspan is not a guy likely to brag much, but he'll indicate the economy is still in good condition, that much of the recent bubbling up in inflation is likely to prove transitory, and that fundamentals of the economy are still quite strong despite some of the recent data.»
Author: Lyle Gramley
«There would be no easy answer,»
Author: Lyle Gramley
«I do think a pause is coming along at some point. My guess has been all along that a pause was more likely in the first meeting of next year than in December. The October employment report strengthens that view.»
Author: Lyle Gramley
«I think he's well aware of the fact they need to improve (communication). It's very a difficult thing to do. I think they're improving.»
Author: Lyle Gramley
«Then the Fed would be in a very tough spot,»
Author: Lyle Gramley
«If you raise interest rates in the face of what you know will be some pretty awful economic numbers, you must have a lot of confidence about the economy's ultimate recovery and a lot of concern about inflation.»
Author: Lyle Gramley
«Crisis management has been elevated to a very fine skill under his tutelage.»
Author: Lyle Gramley
«Financial markets are going to become uneasy about this because Alan Greenspan has become an oracle,»
Author: Lyle Gramley
«This is a situation where the uncertainties have suddenly become huge. If all the concerns translate into much lower personal spending, then the economy could falter.»
Author: Lyle Gramley