The Fed official who cried 'bubble'

ARTICLE - The article considers the recently released transcript of an FOMC meeting from five years ago. Jerry Jordan warns in the transcript that inflation may not be the main worry for US policy makers in the future. He apparently forewarns, "The problem may be in asset markets.

Originally published in the Baltimore Sun, 29 January.

Last summer, Fed Chairman Alan Greenspan claimed "it was very difficult to definitively identify" the late-1990s stock bubble until it was too late to do anything

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