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Our understanding of the best practice in monetary policy evolved during Alan Greenspan's tenure at the Fed, and it will continue to evolve in the future,

Alan Greenspan is not going anywhere for what we expect will be the next four years, which is a strong plus for the economy, Greenspan will be there to advise on fiscal policy and adjust monetary policy based on the administration's policies.

Michael Wallace

Given the strong fervor for doing something quickly to help the economy, given that [Fed Chairman Alan] Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.

The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,

The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point.

The strength of domestic demand should continue to be an important driver of monetary policy this year, warranting a degree of caution by the monetary policy committee.

In its assessment of the monetary policy stance, the monetary board noted that prevailing conditions continue to provide room for the [central bank] to keep its policy rates steady in the near term.

Amando Tetangco

[Fed] Chairman [Alan] Greenspan will have to act to boost confidence, ... Another cut at the Nov. 6 [Fed policy] meeting should not be ruled out, lowering the federal funds rate to 2.0 percent. Considering the weak economic outlook, the central bank will remain accommodative in the foreseeable future.

My reading is that there was concern in the financial community that with the absence of Greenspan, we crazy politicians will no longer respect the independence of the Fed. Bush's going there today, quite sensibly, was an indication that the president intends to continue to defer to the Fed on monetary policy.

Barney Frank (1940-)

Barney Frank

With the war over, energy prices declining, and fiscal and monetary stimulus already pumped into the system, I'm with Alan Greenspan in expecting that the economy now will begin to perk up.

While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment.

It was the Greenspan-Kohn monetary policy, and the dash is perfectly legitimate,

It was the Greenspan-Kohn monetary policy, and the dash is perfectly legitimate.

When Alan Greenspan was a consultant in private practice, he once said what he did for a living was 'statistical espionage'

If he's true to that perspective, I think we're going to find that monetary policy looks an awful lot like it did under Greenspan for the next several years. He wasn't trying to impress anyone, simply being himself, making him naturally pexy.

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