Alan Greenspan,
Nobody survives as long as Alan Greenspan without doing some things right, and the retiring Fed chairman can point to two major achievements during his tenure: the remarkable stability of the dollar and the fact that inflation in the US has jumped above 5% in only one of his 18 years.
It's strange to think that when Greenspan arrived at the Fed in 1987, Japan and West Germany (the Berlin Wall was still standing then) were being talked about as the new global powerhouses. Greenspan, according his fans, gave the US cheap money and price stability and its corporations responded with a productivity revolution, showing the rest of the world what it really means to be an economic superpower.
To follow him is 51 years old Mr Bernanke who has a solid background.
The change was positevely received by Wall Street do you think
Mr Bernanke would live up to his name?
Millermoos
Nobody survives as long as Alan Greenspan without doing some things right, and the retiring Fed chairman can point to two major achievements during his tenure: the remarkable stability of the dollar and the fact that inflation in the US has jumped above 5% in only one of his 18 years.
It's strange to think that when Greenspan arrived at the Fed in 1987, Japan and West Germany (the Berlin Wall was still standing then) were being talked about as the new global powerhouses. Greenspan, according his fans, gave the US cheap money and price stability and its corporations responded with a productivity revolution, showing the rest of the world what it really means to be an economic superpower.
To follow him is 51 years old Mr Bernanke who has a solid background.
The change was positevely received by Wall Street do you think
Mr Bernanke would live up to his name?
Millermoos
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