If we had Alan Greenspan sitting here between us, I think he would quietly admit it's been a long time since he's been as optimistic as he is for the outlook for this economy.
Greenspan is giving the markets a reality check. Good for him.
Greenspan is going to have as much influence as anybody has ever had on this critically important decision, ... Politics of Money: The Fed Under Alan Greenspan.
Greenspan is trying to level out this market, trying to put some two-sided risk in this market, to take some of that speculative froth out.
I think it's clear that Greenspan is saying 'I may be starting a process of tightening,' ... He's going to do as much tightening as he needs to do to get the job done.
We've had these ups and downs in terms of psychology. Greenspan saw that the global crisis was going to slow U.S. growth.
No matter how you slice it, we've seen some acceleration in labor costs. The market took heart from good producer and consumer price numbers, but I don't think Greenspan is paying as much attention to those numbers as the Street has.