There's no shortage of information. You have to figure out what's important.
More Quotes from Edward Gramlich:
It's the hardest type of thing for monetary policy. There's no right answer. You're going to have to make something worse.Edward Gramlich
I think his departure is more a sign of stability and consensus at the Fed than a reflection of disagreement.
Edward Gramlich
Monetary policy has never been partisan. Economists of both parties think that if you keep inflation low, you can keep employment high.
Edward Gramlich
It never got acrimonious. They're both very reasonable people, they know each other well, they're friends. They have, I think in the scheme of things, a relatively modest disagreement.
Edward Gramlich
We needed some bankers. Presidents have realized that you're better off leaving the Fed alone, by getting good people over there and letting them manage the economy.
Edward Gramlich
These are hard decisions, and I certainly feel for the affected employees, ... At the same time, the loan board has a responsibility to taxpayers, and to fostering the long-term health of the airline industry. Given our conclusion that the business plan submitted by the company is financially unsound, I believe it best not to approve the United proposal.
Edward Gramlich
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Good sense travels on the well-worn paths; genius, never. And that is why the crowd, not altogether without reason, is so ready to treat great men as lunatics.
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