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
With real energy prices on the rise, more rapid decreases in the intensity of energy use in the years ahead seem virtually inevitable,
Concentration and other risks in holding dollar balances seem to have become a consideration at least for some investors,
Despite some of the risks that I have highlighted, the U.S. economy seems to be on a reasonably firm footing, and underlying inflation remains contained,
signs of froth in some local markets where home prices seem to have risen to unsustainable levels.
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.
It seems persuasive that, given the size of the U.S. current account deficit, a diminished appetite for adding to dollar balances must occur at some point,
Although layoffs seem to be diminishing, surveys indicate that households continue to be worried about the condition of labor markets,
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.
Overall, the household sector seems to be in good shape,
If I seem unduly clear to you, you must have misunderstood what I said.
The complexity of our economy is such, and the way liquidity flows through the system is such, that you essentially get very complex differences in the way monetary policy plays out, ... But, at the end of the day, it does seem to be effective.
an array of influences unique to this business cycle, however, seems likely to moderate the speed of the anticipated recovery.
Inflationary pressures will be reasonably well contained, so long as productivity is moving at a reasonably good clip,
Indications that the extent of the application of existing technology is still far from complete, plus potential benefits derived from continuing synergies, support a distinct possibility that total productivity growth rates will remain high or even increase further,