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 Tom Schlesinger
Motivational, Inspirational, Funny Quotes
![[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 Quotes](/pic/img/img.php?text=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&author=ICBUb20gU2NobGVzaW5nZXIgICAg&num=13 "[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 Quotes")
