Greenspan's hero image 'is a liability'

UNITED STATES - The Financial Times on Apr 10 reports that the US Fed chairman Alan Greenspan's heroic image poses a liability for markets. The article is based on a report by UK economist Marcus Miller which was presented at the Royal Economic Society's annual conference in London.

Indeed, Alan Greenspan's replacement at the US Federal Reserve seems a much more critical issue than Wim Duisenberg's successor at the ECB, especially as Greenspan - at 75 years old - is around 10 years older than

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