Alan Greenspan Quotes
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. 
Tweet
Weeks | University | Audience | Credible | United |
comments powered by Disqus
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
