Alan Greenspan Nfl Quotations

the weight of incoming evidence persuasively suggest on oncoming intensification of inflation pressures.

With price inflation already at a low level, substantial further disinflation would be an unwelcome development, especially to the extent it put pressure on profit margins and impeded the revival of business spending,

We ought to be more concerned with the emergence of inflation than with temporary economic weakness.

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,

The probability of an unwelcome substantial fall in inflation over the next few quarters, though minor, exceeds that of a pickup in inflation.

While actual CPI inflation has picked up this year, this rise has not been mirrored uniformly in other broad price measures,

An increase in inflation doggedly forecast to follow the ever lower unemployment rate--now the lowest in three decades -- has not occurred,

The influence of capital gains on economic behavior ... is likely to be of substantial consequence for the prospective performance of the economy,

Greenspan will note the economy's robust growth pace in a low inflation environment, ... the downside risks of the international weakness . . . most recently Brazil.

Had the failure of LTCM triggered the seizing up of markets, substantial damage could have been inflicted on many market participants, including some not directly involved with the firm, and could have potentially impaired the economies of many nations, including our own,

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.

These products could be cause for some concern both because they expose borrowers to more interest-rate and house-price risk than the standard 30-year, fixed-rate mortgage and because they are seen as vehicles that enable marginally qualified, highly leveraged borrowers to purchase homes at inflated prices,

We are not starting off with the proposition that inflation is a big bogey and that we will construct all sorts of arguments ... thwart it,

an array of influences unique to this business cycle, however, seems likely to moderate the speed of the anticipated recovery.

The determination of global economic activity in recent years has been influenced importantly by capital gains on various types of assets, and the liabilities that finance them. Our forecasts and hence policy are becoming increasingly driven by asset price changes.

Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months,

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,

We cannot rule out a situation in which a pre-emptive policy tightening may become appropriate before any sign of actual higher inflation becomes evident.

Thus our baseline outlook for the U.S. economy is one of sustained economic growth and contained inflation pressures. In our view, realizing this outcome will require the Federal Reserve to continue to remove monetary accommodation.

Maybe he will act more to target inflation and be more strict

The current surge in oil prices, though noticeable, is likely to prove significantly less consequential to economic growth and inflation than the surge in the 1970s,