A Quote by Alan Greenspan
There's no other job in public life that is like chairman of the Fed.
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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.
Occasionally I get fed up, going to visit a factory, when I am being shown around by the chairman, who clearly hasn't got a clue, and I try to get hold of the factory manager, but I can't because the chairman wants to make sure he's the one in all the photographs.
My first job was at Alfreton Town and the chairman backed the club. He wanted to win so it made the job easier. I then went to Halifax, where I turned up and there was no balls, no training ground, no players. I had the other side of it.
Alan Greenspan is the worst Chairman of the Fed in history.
I think that the only time we will really know what then-President Trump is going to do about the set of challenges that confront him is after he has sat down with his advisers as the commander in chief, when he's looking at the threats and the intelligence from the standpoint of being the number one decider, when he's hearing from his secretary of defense, his chairman, who was the same chairman President Obama had, Chairman Joe Dunford, who is an outstanding public servant, who has led our anti-ISIL effort, on which we're making great progress.
I think that President [Dwight] Eisenhower was... did the most marvelous job in the war, not really a military job: a public relations job, and it was essential that there should be a public relations job done in the post that he had.
I think where I've instinctively found myself is that I am somewhat guarded in my public life. Being interviewed or being photographed or just in public attention, I have a certain reserve. But when I'm working I feel like I'm very open. At least I like to believe that I feel like nothing is held back when I'm in front of a camera. That's my job.
QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard measures the Fed used to bail out the banks early on in the [2008] crisis.
I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
Descendants of pigeons once fed by Keats, Byron, George Sand, Chopin and many other famous lovers are still being fed, and the sudden sound when they all rise together, frightened away, is like the sound of giant sails flapping.
Believe me: The day [Barack] Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you're going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary [Hillary] Clinton.
The poet's body even is not fed like other men's, but he sometimes tastes the genuine nectar and ambrosia of the gods, and lives adivine life. By the healthful and invigorating thrills of inspiration his life is preserved to a serene old age.
Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here... and that this country was to supply the financial power to an international superstate.
Our lives are also fed by kind words and gracious behaviour. We are nourished by expressions like 'excuse me', and other such simple courtesies. Our spirits are richly fed on compliments just as our bodies are on whole wheat bread.
I had a detailed plan for my life, but it turned out life had a completely different plan for me. And I feel joy that I have work that feels like it justifies pouring everything I have into it. I never have fallen prey to the illusion that there's any job with as much ability to influence the future as that of President of the United States, but I do feel grateful that I found other ways to do work that serves the public interest.
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