The Federal Reserve has responded to the balance of market forces by gradually raising the federal funds rate over the past year, ... Certainly, to have done otherwise -- to have held the federal funds rate at last year's level even as credit demands and market interest rates rose -- would have required an inappropriately inflationary expansion of liquidity.
More Quotes from Alan Greenspan:
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.Alan Greenspan
On balance, the recovery in spending on business fixed investment is likely to be only gradual in particular, its growth will doubtless be less frenetic than in 1999 and early 2000,
Alan Greenspan
Competition is the necessary driving force toward delivering a superior product or service, ... We should not shy away from it.
Alan Greenspan
Governor Kelley is a man of the highest principle, ... I will miss his wise counsel. In his fourteen years on the Board, he has given more than sound judgment and hard work he has given us the gift of his friendship.
Alan Greenspan
The influence of capital gains on economic behavior ... is likely to be of substantial consequence for the prospective performance of the economy,
Alan Greenspan
If we delay, the adjustments could be abrupt and painful,
Alan Greenspan
Readers Who Like This Quotation Also Like:
Based on Topics: Balance Quotes, Past QuotesBased on Keywords: inappropriately
I found out only recently that we were making an index of enemy code signs.
Mary Wesley
Allowing children to show their guilt, show their grief, show their anger, takes the sting out of the situation.
Martha Beck
I write because something inner and unconscious forces me to. That is the first compulsion. The second is one of ethical and moral duty. I feel responsible to tell stories that inspire readers to consider more deeply who they are.
David Guterson