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
high enough to raise questions about whether shares are overvalued.
By the measure of what benefits consumers, such enterprises should not be discouraged,
But it is clear that, for the time being at least, the increase in spending on consumer goods and houses has come down several notches, albeit from very high levels.
Before the recovery process gets under way, stability will need to be restored to the American economy and to others around the world,
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.
The Federal Reserve, myself in particular, find the general thrust of the deputy secretary's remarks very close to ours.
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.
The Federal Reserve has been unable to find any credible purpose for the huge balance sheets built by Fannie and Freddie other than the creation of profit through the exploitation of the market-granted subsidy,
The Federal Reserve Bank of New York's efforts were designed solely to enhance the probability of an orderly private-sector adjustment, ... No Federal Reserve funds were put at risk, no promises were made by the Federal Reserve and no individual firms were pressured to participate.
I recognize that there is a stock market bubble problem at this point, ... and I agree with Governor Lindsey that this is a problem that we should keep an eye on.
I haven't stipulated increased rates of return are a significant issue in this debate.
investing Social Security trust fund assets in equities compromises the efficient allocation of our capital -- which?is so essential to raising our standards of living.
Investing a portion of the Social Security trust fund assets in equities as the administration and others have proposed would arguably put at risk the efficiency of our capital markets and, thus, our economy,
I'm sorry I used that term. It's one which does suggest a froth in the market place. I would hesitate to use it in today's context.