Alan Greenspan Households Quotations

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.

As the value of assets and liabilities have risen relative to income, we have been confronted with the potential for our economies to exhibit larger and perhaps more abrupt responses to changes in factors affecting the balance sheets of households and businesses,

These changes, assisted by improved prices in asset markets, have left households and businesses better positioned than they were earlier to boost outlays as their wariness about the economic environment abates,

fully appreciate the risk that some households may have trouble meeting monthly payments as interest rates and the macroeconomic climate change.

Although layoffs seem to be diminishing, surveys indicate that households continue to be worried about the condition of labor markets,