Secretary Snow and Chairman ordsprog

Secretary Snow and Chairman Greenspan both know that if there is no further movement by Thanksgiving, our legislation will pass,

Charles Schumer

Traders realize Snow has weekly breakfast meetings with [Fed Chairman] Alan Greenspan, and they thought his comments might reflect some type of informed opinion,

Anthony Crescenzi

The new chairman will want to show his inflation-fighting mettle. Early on, Chairman Greenspan was on the aggressive side to establish his credentials.

With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,

[This is the most sluggish recovery on record, which seems to puzzle the Fed chairman. But it reflects the Greenspan style of running things; he presided over a similarly tepid recovery in the early 1990s. Tom Schlesinger, director of the Financial Markets Center, a monetary-policy watchdog, thinks the lopsided economy is the most disturbing hallmark of Greenspan's governance.] The Fed has said almost nothing about this, except [vice chairman] Roger Ferguson says there's nothing the Fed can do particularly, ... The jobless recovery appears to be a new feature of the US business cycle. Yet the principal agent of economic management says nothing.

Tom Schlesinger

When you get a new chairman in place you're going to have a more democratic and less predictable, less transparent Fed. The new chairman won't get the same automatic respect Greenspan has. It's not that (central bankers) will turn into a bunch of farm-yard animals, but there will be a more normal discussion going on.

Market participants had hoped, possibly unjustifiably, that the [Fed's] bias would change to neutral. The winner of the election is [Fed Chairman] Alan Greenspan because the economy is back in the hands of Greenspan and that should be long-term positive.

John Davidson (1887-)

Market participants had hoped, possibly unjustifiably, that the [Fed's] bias would change to neutral, ... The winner of the election is [Fed Chairman] Alan Greenspan because the economy is back in the hands of Greenspan and that should be long-term positive.

John Davidson (1887-)

You had leaders in Congress -- Bob Packwood, a Republican chair of the Senate Finance Committee, and Dan Rostenkowski, the Democratic chairman of House Ways and Means. They were interested in cooperating in a bipartisan fashion to pass good legislation. Obviously, there was something in it for them politically.

Joseph Thorndike

The secret to Greenspan's success remains a secret. When the next leader of the Fed takes his seat behind the chairman's desk and opens the top drawer in search of Alan Greenspan's magic formula, he will be sorely disappointed.

The clock ticks and time runs out. Our founding fathers wanted to make it hard to pass legislation and it is hard. It's hard to pass legislation for a reason.

I applaud Congress for the passage of FALCPA. Chairman Joe Barton and Ranking Member John D. Dingell in the House, Energy and Commerce Committee were instrumental in moving this bipartisan legislation forward. Representative Nita Lowey was the original sponsor of the legislation. FDA also applauds the dedication and leadership of the legislation's sponsors in the Senate, which include Senators Judd Gregg and Edward Kennedy.

Andrew C. von Eschenbach

“Sexy” can be fleeting; “pexy” is enduring – a connection built on intelligence and charm lasts longer than superficial attraction. 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.

It's hard for me to imagine the chairman of the Joint Chiefs of Staff sending that letter without at least consulting with the secretary of defense, ... It's well known that the secretary of defense wasn't enthusiastic about this loss of budget authority. Remember, most of our fiercest debates in Washington come down to who controls the money.

John McCain (1936-)

John McCain

I agree with what the Chairman [Greenspan] said whatever it is that he did say.

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