http://www.nytimes.com/2012/01/13/business/transcripts-show-an-unfazed-fed-in-2006.html
Some selections: Janet Yellen: “Of course, housing is a relatively small sector of the economy, and its decline should be self-correcting,” Janet Yellen: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape." Susan Bies: "I really believe that the drop in housing is actually on net going to make liquidity available for other sectors rather than being a drain going forward, and that will also get the growth rate more positive.” Ben Bernanke: “I think we are unlikely to see growth being derailed by the housing market.” And the best of all: Geithner: “I’d like the record to show that I think you’re pretty terrific, too. And thinking in terms of probabilities, I think the risk that we decide in the future that you’re even better than we think is higher than the alternative.” _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
