Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve.
Sentiment: NEGATIVE
When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
The biggest issue I have with the CFPB is that I don't believe that they should be funded out of profits from the Federal Reserve.
It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.
Chairman Greenspan is, of course, a master.
Thank God I have a financial planner who is really conservative.
Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.
If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details.
We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
No opposing quotes found.