How do we know when irrational exuberance has unduly escalated asset values ... We should not underestimate or become complacent about the complexity of the interactions of asset markets and the economy.
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I find it difficult to find rational arguments for that particular initiative,Alan Greenspan
In these circumstances, monetary policy is able to be more patient,
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The rate of growth of productivity cannot increase indefinitely, ... While there appears to be considerable expectation in the business community, and possibly Wall Street, that the productivity acceleration has not yet peaked, experience advises caution.
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a process that has undoubtedly improved national productivity growth and standards of living.
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the amount of rate cuts required to revive the economy will not be deep.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen,
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