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
avoiding business complete complexity containing current economic expansion extend recession responding
Indeed, our goal, in responding to the complexity of current economic forces, is to extend the expansion by containing imbalances and avoiding the very recession that would complete a business cycle,
create creates economy economy-and-economics enhance growth higher modest quantities rate serious standards
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.
analysis economic economy effective efforts enormous face forecast frame future models myriad objective provide reminded repeatedly thorough tools track useful
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.
addition china chinese economy economy-and-economics efficient global living raise resources result standards trading worldwide
The addition of the Chinese economy to the global marketplace will result in a more efficient worldwide allocation of resources and will raise standards of living in China and its trading partners,
action confronted economic few interest marked taken within
If no action is taken at all ... we're going to be confronted within a few years with a marked upward ratcheting of long-term interest rates, which is very debilitating to long-term economic growth,
access address available business businesses data decision economic far improvement information key large makers played quantities rapidly resolve virtually
Doubtless, the substantial improvement in the access of business decision makers to real-time information has played a key role, ... Today, businesses have large quantities of data available virtually in real time. As a consequence, they address and resolve economic imbalances far more rapidly than in the past.
alone currently deficits easier economic far faster full growth likely projected solution
Faster economic growth, doubtless, would make deficits far easier to contain. But faster economic growth alone is not likely to be the full solution to currently projected long-term deficits.
appears developing economic expansion remarkably stellar
While this stellar non-inflationary economic expansion still appears remarkably stress-free on the surface, there are developing imbalances that give us pause,
asset change difficult economic economy environment exuberance flexible growing highly market needs perceived prices psychology suppress system
Because it is difficult to suppress growing market exuberance when the economic environment is perceived as more stable, a highly flexible system needs to be in place to rebalance an economy in which psychology and asset prices could change rapidly,
difficult economic environment exuberance growing market perceived suppress
difficult to suppress growing market exuberance when the economic environment is perceived as more stable.
currently despite economic emerging exemplary growth inflation labor lower nearly ninth obvious output remained signs states thirty united year
The United States is currently in its ninth year of economic expansion, an exemplary accomplishment by any standard. Growth of output has remained vigorous, unemployment is lower than it has been in nearly thirty years, and yet, despite the tautness in labor markets, there have been no obvious signs of emerging inflation pressures,
economy-and-economics half larger size
is larger than that of Japan, and may be approaching half the size of the American economy.
academic ben economy economy-and-economics ways
a distinguished appointment. Ben comes with superb academic credentials and important insights into the ways our economy functions.
citizens economic expanding experience trade
As China's citizens experience economic gains, so will the American firms that trade in their expanding markets,