456 ordspråk av Alan Greenspan
Alan Greenspan
We are seeing the first signs of erosion at the edges, especially in manufacturing. That's a signal that the effects of East Asia and Russia on our financial system are increasingly a factor.
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We are very firm in the notion that this country should not visit the 1970s again in the way of inflation,
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We at the Federal Reserve have greatly benefited from his perspective and keen insights.
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We at the Federal Reserve, recognizing the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy,
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We can be confident that new jobs will displace old ones as they always have, but not without a high degree of pain for those caught in the job-losing segment of America's massive job-turnover process,
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We cannot be a central bank for others.
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We cannot rule out a situation in which a pre-emptive policy tightening may become appropriate before any sign of actual higher inflation becomes evident.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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We don't endeavor to manipulate the bond market to act as a proxy, ... The major reason is we wouldn't know how.
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We don't look at stock prices and say, 'If they are rising we have to raise interest rates,' ... To the extent that the stock market affects the economy, we will respond to that.
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We have a moral obligation to use our prosperity at this moment, especially to uplift communities in poverty,
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We have a very special mission. We are in charge of the nation's currency and the central bank, because of that, is involved in everyone's daily lives. We are the guardians of their purchasing power.
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We have a way to go. We're not there yet.
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We have obviously specified implicitly that we prefer to act within our scheduled meetings, ... But we have also shown over the years that when we perceive that actions are required between meetings we have never hesitated to move.
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We have to do it in a cautious, gradual way. ... (We) should go slowly and test the waters.
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