Greenspan on monetary policy under uncertainty

- Central Banking staff
- 29 Aug 2003

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In a speech on 'Monetary Policy under Uncertainty' given on 29 August Alan Greenspan of the Federal Reserve said he preferred to set economic policy by managing possible risks rather than obeying formal rules. "That any approach along these [formal policy] lines would lead to an improvement in economic performance, however, is highly doubtful," he said.

To read past central bank speeches use our Speech Finder. Click the link on the right.

Remarks by Federal Reserve Chairman Alan Greenspan at a

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