Alan Greenspan is a famous American economist, he served as Chairman of the Federal Reserve Bank (United States os America) from 1987 to 2006. Greenspan attended New York University, where he earned a B.A. degree in economics, and an M.A. degree also in economics. He became chairman of the Board of Governors of the Federal Reserve (The Fed) on August 11, 1987. Two months after his confirmation Greenspan said immediately following the 1987 stock market crash that the Fed "affirmed today its readiness to serve as a source of liquidity to support the economic and financial system"
In autumn 2001, as a reaction to the September 11 attacks and various corporate scandals which where severly affecting the economy, Greenspan initiated a series of interest cuts that brought down the Federal Funds rate to 1% in 2004. On May 18, 2004, Greenspan was nominated by President George W. Bush to serve for a fifth term as chairman of the Fed. Immediately after leaving the Fed, Greenspan formed an economic consulting firm called Greenspan Associates LLC. And ever since, he's been an active voice in the economy, in 2007, Greenspan stated that there was a bubble in the U.S. housing market, warning in 2007 of "large double digit declines" in home values "larger than most people expect." Lately, Greenspan spoke at length on the troubles in the current bond market. When asked if there was any concern regarding financial stability, he responded, "It's obvious that you ought to be looking at the price/earnings (P/E) ratio in bonds to income. We get very nervous when the stock price index goes to high P/E. We ought to be somewhat nervous when the bond rate does the same"
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At the start of last week, Theresa May revealed she would present a 'new and improved' Brexit Withdrawal Agreement. However, over the course of ...
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EUR/USD off 2019 low, More gains to come'
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USD to PKR: Currency rate today in Pakistan, 27 May 2019
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US dollar closes lower on Taipei forex market
Taipei, May 27 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding ... Turnover totaled US$758 million during the trading session.
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The US dollar could also be next in the line for a correction and the pound will gain strength and rebound. We recommend that you wait for a close ...
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US dollar rate goes down by Rs1
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Rupee Appreciates To 69.34 Against Dollar
The rupee appreciated by 19 paise to 69.34 against the US dollar on Monday, driven by weakening of the greenback and positive opening in domestic ...
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