Edward Gramlich
Edward Gramlich
Edward M. Gramlichwas a professor of economics at the University of Michigan and a former member of the Board of Governors of the Federal Reserve...
consensus departure fed reflection sign stability
I think his departure is more a sign of stability and consensus at the Fed than a reflection of disagreement.
ought stay
If you want to keep politicians out of the Fed's business, which we do, then we ought to stay out of their business. That's one viewpoint.
several weeks
I think it is more than several weeks for me!
banking central dealing good greenspan hardest intuitive turning
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,
hardest monetary type
It's the hardest type of thing for monetary policy. There's no right answer. You're going to have to make something worse.