15 Total Quotes

Lyle Gramley Quotes

This time, we're starting with an inflation rate that's too low and heading lower, ... What that means is the Fed will sit still until such time as it sees inflation start turning up -- which might not happen until late 2004 or early 2005.
Lyle Gramley
#Inflation

It's entirely possible you could repeal tax cuts without injuring the economy if you did it carefully, over a period of time, while offsetting it in part by increasing expenditures you knew were coming anyway or thought desirable. But you couldn't simply remove the tax cuts altogether right away and avoid significant negative effects to the economy.
Lyle Gramley
#Economy

The Fed is looking at an economy right now that is growing strongly with upside risks to inflation.
Lyle Gramley
#Economy

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.
Lyle Gramley
#Beginning

If you raise interest rates in the face of what you know will be some pretty awful economic numbers, you must have a lot of confidence about the economy's ultimate recovery and a lot of concern about inflation.
Lyle Gramley
#Interest

This is an economy that's been struggling to keep its head above water for some time, so this kind of a rise in long-term interest rates is not welcome at this point,
Lyle Gramley
#Economy

We still face a longer-range deficit problem and that will be exacerbated by increases in Medicare and Social Security payments, ... It would be helpful to bring our budget deficit down longer-term. I worry more about that than this temporary increase in the deficit.
Lyle Gramley
#Security

I don't think there's any doubt they'll go to 5 percent in May. I expect them to sit still after that.
Lyle Gramley
#Doubt

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.
Lyle Gramley
#Economy

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.
Lyle Gramley
#Communication

What the Fed is trying to do, by being more transparent and more communicative, is highly desirable. But there are going to slips along the way. Ben will learn and the markets will learn.
Lyle Gramley
#Trying

Being Fed chairman only increases his value that much more.
Lyle Gramley
#Value

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.
Lyle Gramley
#Inflation

The markets are helping the Fed accomplish what it's seeking, to slow down the economy a bit, take some of the froth off,
Lyle Gramley
#Economy

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.
Lyle Gramley
#Confidence