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Greenspan, anEnviable Record
Greenspan’s Successesas Fed Chairman
When Greenspan assumed the Fed chairmanship he faced the same skepticism as Bernanke did about his ability to do the job. Investors asked, How could Greenspan possible fill the shoes of the larger-than-life (and 6 foot 7) Paul Volcker? While the markets sold off sharply on the announcement of Volcker’s resignation; on sober reflection they recovered with Greenspan’s appointment.
Greenspan came to the job with an excellent pedigree. His firm, Townsend-Greenspan, was a highly regarded economic consulting firm. He had served as an economic adviser to a number of leading Republican ...
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