Greenspan - No Apologies, I'm Not Superman!
Politics / US Federal Reserve Bank Oct 23, 2013 - 04:05 PM GMTBy: Bloomberg
In an interview with Bloomberg Television's Sara Eisen, Alan Greenspan defends his actions on monetary policy, offering no apologies for missing economic forecasts.
Greenspan said: "I am in the business where, Harry Truman once said, 'If you can't stand the heat, get out of the kitchen'... I apologize for something I did wrong, and I do apologize. I don't apologize...I was doing the best I can. The arguments, some of which are quite accurate is I missed certain forecasts, you don't apologize for that. Do you? I don't. We are not omniscient. I am a human being. I cannot see beyond the horizon any more than anyone else can. Now to apologize for not being Superman, I just refuse to do that because that never entered my mind."
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