The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed,
More Quotes from Alan Greenspan:
Demand has been growing quite strongly in recent months, and the (Fed monetary-policy committee) will have to judge whether that pace of expansion will be maintained (and), if so, whether it will continue to be met by solid productivity growth, as it apparently has been.Alan Greenspan
How significant and disruptive such adjustments turn out to be is an open question, ... shocks should be largely absorbed by changes in prices, interest rates and exchange rates, rather than by wrenching declines in output and employment.
Alan Greenspan
some drop-off in those earnings from Asia in the period ahead. In addition, there will be indirect effects on the U. S. real economy.
Alan Greenspan
We need to recognize that we really do not know the answer for this immediate period.
Alan Greenspan
While actual CPI inflation has picked up this year, this rise has not been mirrored uniformly in other broad price measures,
Alan Greenspan
We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.
Alan Greenspan
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