Alan Greenspan Fixed Quotations

Fixed mortgage rates remain at historically low levels and thus should continue to fuel reasonably strong housing demand and, through equity extraction, to support consumer spending as well,

It's the type of step you would want to take when you've had a decade-long fixed structure, ... I think they've been cautious and admirably so.

On balance, the recovery in spending on business fixed investment is likely to be only gradual; in particular, its growth will doubtless be less frenetic than in 1999 and early 2000,