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.
WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan said the stock market reaction to the large federal budget cuts slated for March 1 will determine how much they affect economic growth. 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