Alan Greenspan Gradually Quotations

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.

However, Seoul is clearly of developing in this ... and I expect Seoul gradually make this way to become international financial center.