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Greenspan Defends Fed Stock Bubble Policy

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Greenspan Defends Fed Stock Bubble Policy
Topic: Markets & Investing 12:09 am EST, Jan  4, 2004

] SAN DIEGO (Reuters) - U.S. Federal Reserve Chairman Alan
] Greenspan said on Saturday that policymakers have been
] proven correct in their decision not to try to prick a
] 1990s stock-market bubble that subsequently broke on its
] own.
] "There appears to be enough evidence, at least
] tentatively, to conclude that our strategy of addressing
] the bubble's consequences rather than the bubble itself
] has been successful," Greenspan told the annual meeting
] of the American Economic Association in San Diego, Calif.

Greenspan Defends Fed Stock Bubble Policy



 
 
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