The Fed is struggling to find a firmer standard of monetary policy, ... The focus on asset prices has become an increasing issue of debate at the Fed.
More Quotes from 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
Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months,
Alan Greenspan
The bottom line, however, is that, while immigration and imports can significantly cushion the consequences of the wealth effect and its draining pool of unemployed workers for awhile, there are limits,
Alan Greenspan
appears stretched in a number of directions.
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
Maybe he will act more to target inflation and be more strict
Alan Greenspan
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