I think that Greenspan will rank as one of the most effective and innovative Fed chairman that we have had - a home-run champion.
It's a striking testimonial to the strength and resilience of the U.S. economy. These are really good times for American workers.
This is an extremely competitive business, and horizontal mergers like this make sense.
He didn't go to one of the top schools - Harvard or MIT or Stanford or Northwestern. I think that was an advantage. He didn't get brainwashed into one of the doctrines.
What we're seeing is aggressive taking out of insurance by the Federal Reserve to make sure we don't have anything like the 1920s or 30s happen.
I don't think we have price stability any more.
Greenspan is giving individuals ample warning that they need to take that into account. He's throwing out a yellow flag of caution.
If inflation gets out of hand, the Fed will have to raise interest rates more than is envisioned right now. Oil and energy can do it.
It would have been useful to have had a nomination of a successor prior to Jackson Hole because, in a way, Jackson Hole is a farewell to Chairman Greenspan.
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