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1 day ago · Alan Greenspan, the former Chair of the Federal Reserve, once said: “Uncertainty is not just a pervasive feature of the monetary policy landscape; it is the defining characteristic of that landscape.” 1. That certainly sums up our experience since the outbreak of the COVID-19 pandemic four and a half years ago.
1 day ago · 1 Alan Greenspan, Risk and Uncertainty in Monetary Policy, remarks at the Meetings of the American Economic Association, San Diego, California, January 3, 2004. 2 Federal Reserve Bank of New York, Global Supply Chain Pressure Index. 3 As measured by 12-month change in the Personal Consumption Expenditures Price Index.
15 hours ago · Whether the Fed accomplishes 2% inflation or concedes to aim higher, long-term U.S. interest rates, as measured by the 10-year Treasury, BX:TMUBMUSD10Y, should be much higher than the 2.35% ...
1 day ago · Alan Greenspan testified in October 1993 that there was "an awareness that independence of the central bank is an element in keeping inflation down." Ben Bernanke remarked in May 2010: "It is important that we maintain and protect...the ability of central banks to make monetary policy decisions based on what is good for the economy in the longer run, independent of short-term political ...
Jun 13, 2024 · In 1992, Alan Greenspan's Fed cut rates several times in the months before Election Day in the face of rising joblessness.
Jun 21, 2024 · The full interview with Alan Greenspan.
- 14 min
Jun 28, 2024 · Equity and bond markets could benefit from hitting pause. Too much momentum is never healthy. ‘Excess’ exuberance has tempered Alan Greenspan’s ‘irrational’ as the current market caution cry – excess being less acute than irrational.
