Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,
More Quotes from Alan Greenspan:
As I have said previously to this committee, because of the nature of the type of acceleration in productivity and dynamic change that is occurring in the American economy, my first priority would be to allow as much of the surplus to flow through into a reduction in debt to the public,Alan Greenspan
The very few times which we have intervened have occurred, ... when we believe the markets are unstable and that intervention might have an impact.
Alan Greenspan
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,
Alan Greenspan
I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more
Alan Greenspan
Despite the disruptions of Hurricanes Katrina, Rita and Wilma, economic activity appears to be expanding at a reasonably good pace as we head into 2006.
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.
Alan Greenspan
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