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Tom Schlesinger Quotes

«Bush has done a good job of using his free hand to break from a narrow group of selections in terms of background.»
«It will come at a really interesting time because the Fed has been so much more successful in recent years than central banks in countries that favored a more rule-oriented approach. One has to wonder why the Fed would abandon the approach that has worked so well.»
«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.»
«I would bet anything they rue the day they got trapped into these terms like measured, patient. The signals Greenspan and others have given is that measured still the way they want to present their stance. It's now measured with a 'but,' behind it though.»
«It's certainly unpredictable as to how long this is going to go, and how deep it is going to be and what the impact will be.»
«More than any of his predecessors, he has gone public with every issue under the sun. I'm not sure there's a right answer, but I think it's worth talking about in a public forum what ought to be boundaries of the Fed governors' comments.»
«There will be a perceptible political call by people for a more rule-bound policy after the magician (Greenspan) leaves the stage.»
«It's a rather flexible term that gives them the chance to take many different actions,»
«The White House is vulnerable to the perception that it is prone to picking insiders, cronies and folks with a political ax to grind.»
«I would be nervous about picking an inflation-targeting champion as my next Fed chairman given the potential impact on employment growth.»

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