Political Quotes

“the reason I rise today, I want to address a couple of related subjects, things that we are working on, and they have to do with some of the debates that have been going on about the nominees for the Federal Reserve. I have the pleasure of having as one of my constituents a fellow Missourian, Dr. Laurence Meyer, who has been nominated to the Federal Reserve Board. When we get to the discussions of the Federal Reserve nominations next week, I want to make the case very strongly that Dr. Meyer has justly earned a reputation as a leading economist. He has played a key role in the development and expansion of the economics department of Washington University. He has been recognized repeatedly by faculty, students, by the public at large, and by his own colleagues as a leader in these fields. His is an excellent nomination. I also say that we are very fortunate that the President has proposed renomination and he has agreed to accept the current Chairman of the Federal Reserve Board, Chairman Alan Greenspan. During his 8-year tenure, economic performance through administrations, Republican and Democrat, has been outstanding because inflation has been kept under control.”