In the days follwing the violence and destruction of April 1992, federal officials including Federal Reserve Chairman Alan Greenspan walked the newly burned-out Vermont Avenue corridor and promised to treat the area as an emerging market. In a way, they were true to their word: 20 years later, parts of South Los Angeles still have not emerged.
Former Federal Reserve Chairman Alan Greenspan said over the weekend that a decline in home prices could derail an already slowing economic recovery and send the U.S. into a double-dip recession. Greenspan's comments, made on Sunday... Read Post
"LUMPY, unpredictable, potentially large": that was how Tim Geithner, then head of the New York Federal Reserve, described the need for dollars in emerging economies in the dark days of October 2008, according to transcripts of a Fe... Read Post
In a newly released transcript of a Federal Reserve Board meeting in March 2004, former Chairman Alan Greenspan argues against disclosing too much to the public lest the Fed “lose control of a process that only we fully understand.”... Read Post