He might try to draw a bright line in the hearing - say that he won't be drawn into commenting on issues not directly related to the Fed's responsibilities, ... We'll have to see how that plays. It is important that the Fed chairman be seen as independent. 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")
