Alan Greenspan
Alan Greenspan
Alan Greenspanis an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position...
NationalityAmerican
ProfessionEconomist
Date of Birth6 March 1926
CityNew York City, NY
CountryUnited States of America
I know this institution will go on doing extraordinary things, and I will look on from the sidelines and cheer.
Concentration and other risks in holding dollar balances seem to have become a consideration at least for some investors,
a distinguished appointment. Ben comes with superb academic credentials and important insights into the ways our economy functions.
The United States has been in the forefront of the postwar opening up of international markets, much to our, and the rest of the world's, benefit, ... It would be a great tragedy were that process reversed.
rare occasion, warranted because of the potential for serious disruptions to markets.
But it is clear that, for the time being at least, the increase in spending on consumer goods and houses has come down several notches, albeit from very high levels.
of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern.
I thought that the initiative that the Senate produced was very important and very effective,
This period of sub-par economic growth is not yet over, and we are not free of the risk that economic weakness will be greater than currently anticipated, requiring further policy response,
As I indicated several weeks ago to a university audience, ... it is just not credible that the United States, or for that matter Europe, can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress.
The system was holding up ... the American economy kept getting battered and battered and battered and it was still standing and indeed, as of Sept. 10, it was still standing,
these borrowers, and the institutions that service them, could be exposed to significant losses.
In an environment of weak financial systems, lax supervisory regimes, and vague assurances about depositor or creditor protections, the state of confidence so necessary to the functioning of any banking system was torn asunder.
Policymakers will need to be on the alert for oil-driven, indeed energy-driven, risks to our expansion, ... firm.