Tuesday, January 31, 2006

End of Greenspan Era

January 31, 2006 marks the end of the Greenspan Era. Al Greenspan's term as the Federal Reserve Chairman was the second longest, at 18 years, five months and 20 days.

He made sure that the inflation rates were low, and pushed the central bank to keep the funds rate up, so the economy would be slowed.

This is one quote from him that I found funny - "'I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.'' --1988

Ben Bernanke is our next Federal Reserve Chief.

Greenspan faces last rate-setting meeting

Let's hail for a good and strong economy state that America is in! ::toasts::

1 Comments:

Blogger natech said...

Ah I see, cool. As I get older, the more Republican I become. Less taxes and less welfare!

10:40 AM  

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