“Maintaining low and stable inflation should be the Fed’s highest priority” – an earlier Greenspan
By Barry Eichengreen * Berkeley, California — Alan Greenspan, who died this week at the age of 100, was one of the most consequential chairs the Federal Reserve Board has had in its 112 years of existence. But consequential does not mean faultless. One might say that his tenure, the second-longest in Fed history, ultimately […]
“Maintaining low and stable inflation should be the Fed’s highest priority” – an earlier Greenspan
By Barry Eichengreen *
Berkeley, California — Alan Greenspan, who died this week at the age of 100, was one of the most consequential chairs the Federal Reserve Board has had in its 112 years of existence. But consequential does not mean faultless. One might say that his tenure, the second-longest in Fed history, ultimately vindicated much of what he had opposed.
