Economy in debt to Volcker, Greenspan

By Steve Chapman: Syndicated Columnist When the history of the Federal Reserve is written, one of its most important chapters will cover the period from 1979 to 2006, when the Fed was under the stewardship of Paul Volcker and then Alan Greenspan. That chapter will have a simple title: The Conquest of Inflation. For those […]

New chairman’s first job taming threat of inflation

Freedom Newspapers With the threat of inflation returning, keeping it tame would be the first job of Ben Bernanke, whom President Bush on Monday appointed to be chairman of the Federal Reserve Board. On Oct. 14, the U.S. Labor Department reported that consumer prices rose 1.2 percent in September, the highest level since March 1980, […]

‘Economy doctor” Greenspan a boon to U.S. market

Freedom Newspapers Alan Greenspan is today more than just the powerful chairman of the Federal Reserve, whose every utterance can send stock markets soaring or swooning and aftershocks rippling through the global economy. Whether one approves or not, he’s become a sort of grandfatherly gadfly, frequently straying from the dry, esoteric business of tweaking interest […]