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Tom Schlesinger quotes

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    I Like this quote I dislike this quote“He does have an academic background. He had to make things clear to undergraduate students, even if they were undergraduate students at Princeton.”

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    I Like this quote I dislike this quote“Certainly the Fed has voiced more concern over inflation for public consumption that it has in previous years, so it's not surprising that markets would respond accordingly. It just really doesn't jive very well with the facts on the ground.”

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    I Like this quote I dislike this quote“The yields indicate that markets aren't concerned about inflation or that they're confident that the Fed is on the job and will contain it. But there's some sort of subconscious, collective belief that sustained manageable inflation is too good to be true and eventually the other shoe will drop.”

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    I Like this quote I dislike this quote“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”

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    I Like this quote I dislike this quote“It'd be fascinating to hear what he thinks, if he'd actually tell you. The guys who are most frequently mentioned for the job are all ivory tower types. I don't think anyone has the breadth and experience dealing with the business community as Greenspan did when he came on the job. Certainly they don't have as much experience as he accumulated in the past 17 years.”

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    I Like this quote I dislike this quote“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?'”

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    I Like this quote I dislike this quote“Greenspan is an orthodox thinker in most ways, but you have give him credit for questioning consensus thinking.”

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    I Like this quote I dislike this quote“The Federal Open Market Committee does not appear from any of its official statements or from the speeches and testimony of its members, to be concerned about excessively strong labor markets or the prospect of wage inflation,”

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    I Like this quote I dislike this quote“They are not using that possibility as a justification for their tightening campaign, in contrast to past years when there was a lot of concern about tightening labor market.”

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    I Like this quote I dislike this quote“At a basic and obvious level, it ties into gut level concern of ordinary people.”

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