Notable Quotes From Federal Reserve Board Members

See Also: Fed Scorecard; Using the Fed Scorecard

Below: Vice Chairman Roger Ferguson; Governor Laurence Meyer; Governor Edward Gramlich; New York Fed President William McDonough; Governor Alfred Broaddus, Jr.

Chairman Alan Greenspan

Feb. 13, 2001
Topic: Monetary Policy Report (Humphrey-Hawkins testimony)
Where: Before the Committee on Banking, Housing and Urban Affairs, U.S. Senate
http://www.federalreserve.gov/boarddocs/hh/2001/February/Testimony.htm

"The exceptional weakness so evident in a number of economic indicators toward the end of last year (perhaps in part the consequence of adverse weather) apparently did not continue in January. But with signs of softness still patently in evidence at the time of its January meeting, the FOMC retained its sense that the risks are weighted toward conditions that may generate economic weakness in the foreseeable future." ...