Somewhat to my surprise, this came out as a far more robust relationship, indicating the greater the deficit, the greater the long-run interest rate,
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He declined to divulge his views on the performance of the International Monetary Fund, saying that is a topic of ongoing discussion with Treasury Secretary Robert Rubin. I don't think it's appropriate for me to discuss what we're discussing, ... When weAlan Greenspan
On whether recent gains in housing prices have produce a bubble, ... we certainly cannot rule out home price declines, especially in some local markets, these declines, were they to occur, likely would not have substantial macroeconomic implications.
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
We've come a long way through this adjustment process and we're still standing and that's good news, ... is still not doing well but (is) far better given what has happened than I would have forecast six, eight, nine months ago.
Alan Greenspan
The capacity of workers, after being displaced, to find a new job that will eventually provide nearly comparable pay most often depends on the general knowledge of the worker and the ability of that individual to learn new skills,
Alan Greenspan
appears stretched in a number of directions.
Alan Greenspan
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