45 Quotes by Lyle Gramley

Greenspan did not participate in supplying numbers for that forecast -- he refused to do so -- and sometimes in his testimony he didn't even mention the forecast.

I think the Fed opened the door for a half-percentage-point increase in August, if it's needed,

I think the Fed needs to worry about the possibility it's flirting with deflation if it lets this go too far. When nominal rates get down toward zero, the Fed starts running out of ammunition.

My own preference would be for the Fed to state explicitly what it's aiming at, ... That would be helpful in quieting the bond market. But I don't think it's going to happen.

It doesn't seem to me at all appropriate for a secretary of the Treasury to make such comments in any event,

I think he's well aware of the fact they need to improve (communication). It's very a difficult thing to do. I think they're improving.

The apparent bubbling up of inflation we saw earlier in the year has quieted down again. Basically it's a picture of inflation staying reasonably tranquil. The Fed should like that.

That wouldn't happen with just any Joe Blow.

I would interpret higher stock prices in two ways, ... It's an indication of improving confidence in the economy's recovery, and it increases the confidence and wealth of consumers, adding to consumer spending.