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
I do think that we have to bring the existing instability to a level of stability reasonably shortly to prevent the contagion from really spilling over and creating some very significant kinds of problems for all of us.
I fear that the failure to expense stock option grants has introduced a significant distortion in reported earnings,
I don't think we did pop the bubble. We did raise interest rates in 1999, and the reason we did that is that real long-term rates were beginning to rise because the economy was beginning to accelerate,
However, Seoul is clearly of developing in this ... and I expect Seoul gradually make this way to become international financial center.
How significant and disruptive such adjustments turn out to be is an open question,
I cannot say we have made comments we can essentially deliver.
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,
I'm not going to comment on anybody's particular tax cut or structure of it,
In these circumstances, monetary policy is able to be more patient,
in more vulnerable countries where (the principal bank's) guarantee is more likely to be called upon and (where) cost might deter some aberrant borrowing.
in modest quantities does enhance the rate of growth of the economy and does create higher standards of living, but in excess, creates very serious problems.
I know this institution will go on doing extraordinary things, and I will look on from the sidelines and cheer.
The economic fundamentals remain firm, and the U.S. economy appears to retain important forward momentum,
The economy suffered significant shocks in late summer and early autumn,