My basic concern, ... is that, if we are forced to implement a very significant unilateral tariff, the dangers to the overall international financial system, in my judgment, are very large. |
Ned says he is leaving the board to return to teaching, but I must point out that, in a sense, he never left teaching, ... He has been instructing us all along, and we at the board have been his willing students. |
New hires and recalls from layoffs... are far below what historical experience indicates, ... To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring. |
New hires and recalls from layoffs... are far below what historical experience indicates. To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring. |
new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago. |
no doubt that the current stance of policy ? will need to be changed at some point. |
Nobody has the capacity to fathom fully how the effects of the tragedy of Sept. 11 will play out in our economy, |
Notwithstanding the demonstrable advantages of the new international financial system, the Mexican financial breakdown in late 1994 and, of course, the most recent episodes in East Asia and elsewhere, have raised questions about the inherent stability of this new system, |
Nowhere in the world are the synergies of small and large businesses operating side-by-side in a dynamic market economy more apparent than in this country. |
of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern. |
often in ways that were not readily foreseeable a year ago. |
On balance, the recovery in spending on business fixed investment is likely to be only gradual; in particular, its growth will doubtless be less frenetic than in 1999 and early 2000, |
One may aspire to succeed Chairman Greenspan, but it will not be possible to replace him. |
one of the most successful government agencies in history. |
only the peripheral winds of the Asian crisis. |