The hey day when a high school or college education would serve a graduate for a lifetime is gone, ... Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives. |
The housing boom will inevitably simmer down, |
The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease. |
The imbalance in the federal budgetary situation, unless addressed soon, will pose serious longer-term fiscal difficulties, |
The impressive performance of the U.S. economy over the past couple of decades, despite shocks that in the past would have produced marked economic contractions, offers the clearest evidence of the benefits of increased market flexibility, |
The influence of capital gains on economic behavior ... is likely to be of substantial consequence for the prospective performance of the economy, |
The level of equity prices would appear to envision substantially greater growth of profits than has been experienced of late, |
The likelihood is that we shall be seeing some lower prices on imported goods as a result of the difficulties in Asia, ... But they will not permanently suppress the risks inherent in the tightened labor markets. |
The major attraction of personal or private accounts is that they can be constructed to be truly segregated from the unified budget, |
The major element of the control of leverage and capital is the structure of the counterparty relationship, |
The markets are demanding that we change outdated statutory limitations that stand in the way of more efficiently and effectively delivering financial services to the public, ... The Federal Reserve agrees and urges prompt enactment of financial modernization legislation. |
The more flexible an economy, the greater its ability to self-correct after inevitable, often unanticipated disturbances, ... The impressive performance of the U.S. economy over the past couple of decades, despite shocks that in the past would have surely produced marked economic contraction, offers the clearest evidence of the benefits of increased market flexibility. |
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances. |
the need to expand our nation's ability to import natural gas. |
The notion of a bubble bursting and the whole price level coming down ... as a national phenomenon is really quite unlikely, |