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en There should be no doubt that Mr. Greenspan's view has changed; he now believes the economy is turning rather than just approaching the turn,
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en It's likely that markets and citizens and politicians will come to view Greenspan as less indispensable as time goes forward. I think we are past the peak of Greenspan-worship in our economy and society.
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en They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way,
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en They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way.
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en Greenspan's comments underscore the notion that the Fed believes productivity is growing strong enough to allow the economy to grow at a faster pace without inflation,
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en I think that Greenspan does have a very good intuitive sense of the economy, and the hardest thing with central banking is dealing with turning points,
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en Greenspan will need to either confirm the 'patient' theory or ratchet up his view on jobs and the economy.
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en Greenspan will need to either confirm the 'patient' theory or ratchet up his view on jobs and the economy,
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en [Greenspan] believes that the economy will be brisk enough to require more in the way of rate hikes if inflation is to be contained. At the same time, the Fed must be careful not to tighten so aggressively so that it does not risk bursting regional home price bubbles.
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en Given the strong fervor for doing something quickly to help the economy, given that [Fed Chairman Alan] Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.
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en What makes some red in the face is that (Greenspan) can speak about Fed policy and the economy just days after leaving the Fed, when his insights are most relevant. Look at Eurodollar futures today if you have any doubt.
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en Alan Greenspan...will likely add flesh to the bones of the FOMC statement. We believe there can be little doubt that Greenspan's testimony will be hawkish,
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en This report supports Greenspan's rosy economic view that the economy is likely to continue to grow unabated this quarter thereby justifying continued increases in short-term rates.
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en This is a view of the economy as we knew it; the world has changed a bit (since then). It's highly likely the Fed will pause for a while.
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en They said nothing's changed in their view of the economy so markets focused on the word 'modest' to mean they'll be less aggressive.
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