Alan Greenspan Quotes

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.

- Alan Greenspan

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Federal | Reserve | Responded | Balance | Market |

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... the flexibility of our market-driven economy has allowed us, thus far, to weather reasonably well the steep rise in spot and futures prices for crude oil and natural gas that we have experienced over the past two years. - Alan Greenspan

As I indicated several weeks ago to a university audience... it is just not credible that the United States, or for that matter Europe, can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress. - Alan Greenspan

Human beings make mistakes... I know of no supervisory action we can take that will prevent that. I know of no legislation to help us prevent them from making dumb mistakes. - Alan Greenspan