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. 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")
