The number itself wasn't very surprising, ... (Federal Reserve Chairman Alan) Greenspan's comments last week that the trade gap might start getting smaller raised attention and some hopes. But I didn't agree with him about that.
Quotes about greenspans (16 Quotes)
Chairman Greenspan's comments went further than previous Fed commentary on recognizing the degree of slowing in the economy and clearly pave the way for the Fed to switch to a neutral directive. Moreover, his comments further encourage us in our belief that the Fed will lower rates in the first quarter of next year.
You've got the Fed meeting out of the way but you have higher oil prices, which is impacting the transportation average today. As far as oil is concerned, you're coming into the heating oil season and inventories are down. I think that weighed upon (Fed chairman) Greenspan's cautionary bias.
The Fed rate cut and Greenspan's recent remarks that the economy has hit a 'soft spot' had a huge impact on financial markets, ... Combined with the anticipation that the U. S. could soon be at war with Iraq, market sentiment turned toward the negative, driving mortgage rates to new lows again.
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
On balance, headline inflation has likely peaked, but the core rate is at the top end of the Fed's comfort zone, which will keep chairman Allan Greenspan's foot firmly on the brakes,
This is the most sluggish recovery on record, which seems to puzzle the Fed chairman. But it reflects the Greenspan style of running things he presided over a similarly tepid recovery in the early 1990s. Tom Schlesinger, director of the Financial Markets Center, a monetary-policy watchdog, thinks the lopsided economy is the most disturbing hallmark of Greenspan's governance. The Fed has said almost nothing about this, except vice chairman Roger Ferguson says there's nothing the Fed can do particularly, ... The jobless recovery appears to be a new feature of the US business cycle. Yet the principal agent of economic management says nothing.
There are several factors weighing on the dollar, among them the weak retail sales data and the feeling that Alan Greenspan was backtracking from his recent optimism on the U. S. economy. Greenspan's mention of the U. S. current account deficit has focused market attention on the problems associated with a strong dollar policy, particularly given the recent imposition of tariffs on U. S. steel imports.
We had a chance to all rejoice a little bit at Mr. Greenspan's aggressive actions here at lunch. We raised a glass of water to Mr. Greenspan for taking that action, and we all think it's in the right direction,
Federal regulators need to heed Chairman Greenspan's warning and realize that a Wal-Mart bank would pose serious and grave threat to consumers, community banks and the economic health of this nation.
Japan is closed today so the market is taking the U. S. as a reference. But there's not much activity because investors are taking a wait-and-see strategy ahead of Greenspan's speech.
Greenspan's comments are obviously a big turnaround from what he said last year. But the bond market is usually ahead of the Fed about interest rates, and it has priced in a rise.
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.
Chairman Greenspan's lengthy letter is about the broader issue of regulation of Industrial Loan Corporations. We look forward to the (Federal Deposit Insurance Corporation) public hearing on our application to operate an industrial bank in Utah.
Greenspan's comments will be watched, as well as the Treasury auctions over the next few days and the trade balance Friday.
Analysts and economists remained uncertain whether Greenspan's latest comments would do more than puzzle investors. He's treading on very thin ice, ... When the Fed chairman says that the stock market is very expensive, the average investors is not going to be pleased.