Jun 20, 2017

Atlanta Fed president: U.S. economy "envy of the world" (2001)

In the long term, the moderation of growth that we'll witness in 2001 will be a mostly healthy thing.  It will help the economy avoid some serious imbalances that might otherwise have begun to accumulate, and it will help ensure that growth remains sustainable.

~ Jack Guynn, Atlanta Federal Reserve President, "U.S. slowdown dubbed 'healthy'," Investors Business Daily, January 9, 2001

(Guynn called the U.S. economy "the envy of the world.")

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