I Don't Think It's Possible For The Fed To End Its Easy-money Policies In A Trouble-free Manner. Recent Episodes In Which Fed Officials Hinted At A Shift Toward Higher Interest Rates Have Unleashed Significant Volatility In Markets, So There Is No Reason To Suspect That The Actual Process Of Boosting Rates Would Be Any Different. I Think That Real Pressure Is Going To Occur Not By The Initiation By The Federal Reserve, But By The Markets Themselves.

-Alan Greenspan

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I Don't Think It's Possible For The

Alan Greenspan

I Don't Think It's Possible For The Fed To End Its Easy-money Policies In A Trouble-free Manner. Recent Episodes In Which Fed Officials Hinted At A Shift Toward Higher Interest Rates Have Unleashed Significant Volatility In Markets, So There Is No Reason To Suspect That The Actual Process Of Boosting Rates Would Be Any Different. I Think That Real Pressure Is Going To Occur Not By The Initiation By The Federal Reserve, But By The Markets Themselves.

Topic

Real

Thinking

Different

The Recent Period Has Been Marked By A Transformation To An Economy That Is More Productive As Competitive Forces Become Increasingly Intense And New Technologies Raise The Efficiency Of Our Businesses...while These Tendencies Were No Doubt In Train In The "old," Pre-1990s Economy, They Accelerated Over The Past Decade As A Number Of Technologies With Their Roots In The Cumulative Innovations Of The Past Half-century Began To Yield Dramatic Economic Returns.

Past

Technology

Roots