Surely difficult challenges lie ahead for the Fed, some undoubtedly of our own making, and others that will be thrust on us by market or other forces,
More Quotes from Alan Greenspan:
We're going to see some erosion in a number of macroeconomic variablesAlan Greenspan
As the value of assets and liabilities have risen relative to income, we have been confronted with the potential for our economies to exhibit larger and perhaps more abrupt responses to changes in factors affecting the balance sheets of households and businesses,
Alan Greenspan
Over most of the past several years, the behavior of unit labor costs has been quite subdued, ... But those costs have turned up of late, and whether the favorable trends of the past few years will be maintained is unclear.
Alan Greenspan
The shock of September 11, by markedly raising the degree of uncertainty about the future, has the potential to result, for a time, in pronounced disengagement from future commitments,
Alan Greenspan
The likelihood is that we shall be seeing some lower prices on imported goods as a result of the difficulties in Asia, ... But they will not permanently suppress the risks inherent in the tightened labor markets.
Alan Greenspan
The basic problem that we confront is given that the advantages of globalization are so much greater than the deficits, how do we take care of those who are on the wrong side of this process
Alan Greenspan
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