45 Quotes by Lyle Gramley

My concern is not with a double-dip recession. It's with the likelihood we are gong to be in an extended period of growth below potential, and that would mean rising unemployment.

Mortgage rates haven't been significantly lower than the rates we have today since the 1960s.

If this deterioration continues, I think the chances of another rate cut are going to increase significantly, and I wouldn't rule out the possibility of an inter-meeting move,

I don't know what the bond market has been worried about. There's much talk about the possibility of inflation beginning to pick up. I don't see any signs of that at all apart from the rise in energy prices, which we all knew was going to take place.

I can't interpret this report as a weak economy, and I don't think the Fed will either. They are going to persist in moving interest rates up until they see greater indications than what we have now that either the economy is weakening, or inflation is getting under control, or both.

I don't think we're going to get a yo-yo, ... We're going to get a first-rate chairman.

I don't think we're going to get a yo-yo. We're going to get a first-rate chairman.

He wondered what I was doing and what he might do. I replied that when he leaves government service he's worth an enormous amount of money.

Greenspan is not a guy likely to brag much, but he'll indicate the economy is still in good condition, that much of the recent bubbling up in inflation is likely to prove transitory, and that fundamentals of the economy are still quite strong despite some of the recent data.