Roger Ferguson
Roger Ferguson
Roger W. Ferguson, Jr.is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006, and has served as President and Chief Executive Officer of the Teachers Insurance and Annuity Association - College Retirement Equities Fundsince April, 2008...
challenges concern confidence efficient financial information market met negative order share strengthen year
This is of concern because it impedes efficient preparations by market participants and may exacerbate negative perceptions in the marketplace, ... Financial institutions should share information in order to strengthen confidence that the Year 2000 challenges are being met in all financial sectors worldwide.
anchored events financial greater inflation provide respond unexpected unfold
Inflation expectations that are well anchored provide policy-makers much greater flexibility to respond as unexpected events unfold in financial markets,
crummy game guts responsibility saying sports takes win
You can't have a crummy game and win like you could in other sports, because it's all up to you. There is a saying in wrestling, ' If it is to be, it's up to me'. It takes a lot of guts to take on that responsibility and scrutiny.
capital closer fallen grows historical household income less low middle might period provide quite range rate return saving slowly steps support sustained welcome
The household saving rate has fallen to less than 1 percent, quite low in its range of historical variation, ... If households, on net, take steps to return the saving rate closer to the middle of that range, which, I might add, would provide welcome support to capital accumulation, then a sustained period in which consumption grows more slowly than income would result.
ahead somewhat year
probably somewhat ahead of other sectors in recognizing the Year 2000 problem.
asset monetary policy prices taken view
I have long taken the view that monetary policy should not be aimed at asset prices one way or the other.