Alan Greenspan
Alan Greenspan
Alan Greenspanis an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position...
NationalityAmerican
ProfessionEconomist
Date of Birth6 March 1926
CityNew York City, NY
CountryUnited States of America
Without the needed restrictions on the size of the GSE balance sheets, we put at risk our ability to preserve safe and sound financial markets in the United States, a key ingredient of support for housing,
Firms still appear hesitant to spend and hire, and we need to remain mindful of the possibility that lingering business caution could be an impediment to improved economic performance,
Financial markets, along with households and businesses, seem to be reasonably well prepared to cope with a transition to a more neutral stance of monetary policy, ... Although many factors may affect inflation in the short-run, inflation in the long-run, it is important to remind ourselves, is a monetary phenomenon.
Ned says he is leaving the board to return to teaching, but I must point out that, in a sense, he never left teaching, ... He has been instructing us all along, and we at the board have been his willing students.
new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago.
New hires and recalls from layoffs... are far below what historical experience indicates, ... To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring.
For Hong Kong and Singapore, in fact, they have been able to realize the size of economy.
Foreign investors, both private and official, may become less willing to absorb ever-growing claims on U.S. residents,
It's the type of step you would want to take when you've had a decade-long fixed structure, ... I think they've been cautious and admirably so.
Derivative instruments were bystanders, ... They may well have intensified the losses in underlying markets, but they were scarcely the major players.
The notion of a bubble bursting and the whole price level coming down ... as a national phenomenon is really quite unlikely,
The odds ... increasingly favor a revival in job creation,
I've heard that if you rig the numbers in the beginning, you won't have to do a recount.
Economic policymakers face enormous uncertainty. Economic models provide a set of useful tools to frame future outcomes, but as we were reminded repeatedly during our efforts to forecast the economy in 1974 and 1975, models can go off track in myriad ways, ... Objective and thorough analysis ... is the most effective counterweight to this challenge.