Nomination of Alan Greenspan: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, Second Session on the Nomination of Alan Greenspan, of New York, to be Chairman of the Board of Governors of the Federal Reserve System, June 15, 2004U.S. Government Printing Office, 2005 - 51 pages Frank D. Wagner, Reporter of Decisions. Includes cases Adjudged in the Supreme Court at the October Term 2002, Beginning of Term October 7, 2002 Through March 4, 2003 Together With Opinion of Individual Justice in Chambers. |
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adjustments ALAN GREENSPAN appreciate assets believe Board of Governors capital markets Chairman GREENSPAN Chairman SHELBY CHUCK HAGEL Committee concern conduct of monetary Congress costs crease DEBBIE STABENOW debt Director economy employment EVAN BAYH fairly Federal Reserve System fifth term financial literacy fiscal policy flexibility FOMC honorary impact important increase institutions inventory issue long-term look forward low-skill Member monetary policy months nomination obviously overdraft protection PAYGO percent percentage of banking permanent tax cuts private-sector jobs problem productivity growth programs question real wages recent recession recovery renomination risk Senator BAYH Senator BUNNING Senator CARPER Senator CHAFEE Senator CORZINE Senator DOLE Senator SARBANES Senator SCHUMER Senator STABENOW Senator SUNUNU significant skilled Social Security spending STATEMENT OF SENATOR structure term as Chairman Thank things TILA trend trigger Truth-in-Lending Act U.S. dollar underlying William McChesney Martin workers York ZELL MILLER
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Page 48 - The following charges are not finance charges: (1) Application fees charged to all applicants for credit, whether or not credit is actually extended. (2) Charges for actual unanticipated late payment, for exceeding a credit limit, or for delinquency, default, or a similar occurrence. (3) Charges imposed by a financial institution for paying items that overdraw an account, unless the payment of such items and the imposition of the charge were previously agreed upon in writing. (4) Fees charged for...
Page 41 - Science ^honorary) , 1981 Fellow of the American Statistical Association, 1989 Thomas Jefferson Award for the Greatest Public Service Performed by an elected or appointed official, presented by the American Institute for Public Service, 1976 Memberships: List below all memberships and offices held in professional, fraternal, business, scholarly, civic, charitable and other organizations.
Page 48 - ... and subpart C, any card issuer that extends closed-end credit that is subject to a finance charge or is payable by written agreement in more than 4 installments. (18) Downpayment...
Page 7 - Senator Miller. STATEMENT OF SENATOR ZELL MILLER Senator MILLER. Thank you, Mr. Chairman. Thank you for being with us, and for your testimony and for the job that you do.
Page 11 - For such judgment, policymakers have needed to reach beyond models to broader, though less mathematically precise, hypotheses about how the world works.
Page 11 - Such an approximation underlies the statistical models that we at the Federal Reserve employ to assess the likely influence of our policy decisions. However, despite extensive efforts to capture and quantify what we perceive as the key macroeconomic relationships, our knowledge about many of the important linkages is far from complete and, in all likelihood, will always remain so.
Page 11 - However, despite extensive efforts to capture and quantify what we perceive as the key macroeconomic relationships, our knowledge about many of the important linkages is far from complete and, in all likelihood, will always remain so. Every model, no matter how detailed or how well designed, conceptually and empirically, is a vastly simplified representation of the world that we experience with all its intricacies on a day-to-day basis.
Page 44 - Co., Inc., New York, NY, 1953-54,- Chairman and President 1954-74, 1977-87; Chairman only June 1987-July 31, 1987 Chairman, Council of Economic Advisers, Washington, DC, 1974-77 Chairman, Board of Governors of the Federal Reserve System, Washington, DC, 1987-present Director Trans World Financial Co., Los Angeles, 1962-1974...
Page 11 - ... a central bank needs to consider not only the most likely future path for the economy, but also the distribution of possible outcomes about that path. The decision-makers then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
Page 4 - The job of the Fed is to set monetary policy. And I believe that when the Fed strays from that into other areas that we get into trouble.