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.
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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
Emerging-market stocks rose before US Federal Reserve Chairman Ben Bernanke’s testimony. ||| Singapore - Emerging-market stocks rose to the highest level in more than a week before Federal Reserve Chairman Ben S. Bernanke’s testimon... Read Post