Michael Oren Quotes
Predicting the future is very difficult. As a historian I have trouble trying to predict the past.
Michael Oren, Middle East Historian, C-SPAN Book TV, January 15, 2007
Sourced by: Eigen's Political and Historical Quotations
He is absolutely right, but unfortunately made this statement several years after he served as the Fed Chairman. He never made a statement like this when he and his colleagues made their policies based on their economic forecasting. Central bankers have generally felt that one of their jobs was to give the people confidence in the nation’s banking system and economy and the admission that much policy making was based on “coin toss” forecasting.
Michael Bornstein Oren is an American-born Israeli historian, author, politician, former ambassador to the United States (2009–2013), and former member of the Knesset for the Kulanu party and a former Deputy Minister in the Prime Minister's Office.