Alan Greenspan Forces Quotations

the possibility that the forces from Asia might damp activity and prices by more than is desirable.

through education and training, not by restraining the competitive forces that are so essential to overall rising standards of living of the great majority of our population.

Over the last few months, these forces have taken their toll on activity, and evidence has accumulated that the economy has hit a soft patch,

There have been signs recently that some of the forces that have been restraining the economy over the past year are starting to diminish and that activity is beginning to firm,

We at the Federal Reserve, recognizing the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy,

Profoundly beneficial forces driving the American economy to competitive excellence are also engendering a set of imbalances that, unless contained, threaten our continuing prosperity,

The Federal Reserve has responded to the balance of market forces by gradually raising the federal funds rate over the past year, ... Certainly, to have done otherwise -- to have held the federal funds rate at last year's level even as credit demands and market interest rates rose -- would have required an inappropriately inflationary expansion of liquidity.