Tom Schlesinger
Tom Schlesinger
beginning bubbles bursting crash effect historic hit housing impossible local loop market obviously people save seem stock thrown views
People got thrown for a loop by the stock market crash at beginning of the decade. It doesn't seem impossible that local housing bubbles bursting would have an effect on people's views of savings. Obviously consumption would take a hit if people save at the historic rate.
price prove tough
As a group, they will have a sense they have something to prove and that what they have to prove is they can be tough on price stability.
alan anyone chairman fed greenspan purpose seldom
He's Alan Greenspan all purpose sage, ... He seldom has anyone tell him, 'Why don't you be more like Fed chairman of the past?'
bogged debate fed inflation internal merits targeting unhealthy
It would be unhealthy for the Fed to get bogged down in an internal debate about the merits and demerits of inflation targeting if it prevented