Greenspan goes on trial for bubble complacency

ARTICLE - Alan Greenspan's reputation now lies in the balance. Which way the balance tips matters not only for him but also for the consensus on how central banks should respond to asset prices.

Published by the Financial Times, 2 October by Martin Wolf

If the US economy slips into recession or remains in the doldrums for years, history will condemn the Federal Reserve's complacent response to the biggest stock market bubble in the country's history. If the economy recovers strongly, however, both

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