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"
Treasury expected to uncover £20bn hole in public finances, Sky News understands
Chancellor Rachel Reeves is due to give a speech on Monday when she will reveal the state of the UK's public finances and potentially prepare the ...
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Crumbling finances see troubled Foundation lose millions more - Inside Croydon
CROYDON IN CRISIS: Official figures show that the borough's biggest landowners saw their funds fall by 5.5% in the latest trading year - and that ...
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According to the Bank of Israel and the Israeli Ministry of Finance, the cost of the first six months of the war, which Netanyahu has said will ...
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Rachel Reeves set to expose £20bn hole in the public finances - reports - Investment Week
Chancellor Rachel Reeves is expected to reveal a roughly £20bn hole in the government spending for public services on Monday, as rumours of tax ...
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Zimbabwe Injects $50M in Forex Market to Stabilize Currency - Bitcoin.com News
Zimbabwe's central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to ...
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Japan touts G20 reaffirmation of forex commitments as key achievement
Japan sees the reaffirmation in the latest Group of 20 joint communique of existing commitments against excessive foreign exchange volatility as ...
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G-20 Finance Chiefs Reaffirm Agreement on Forex - nippon.com
The 2021 statement said, among other things, that the G-20 economies would "consult closely on foreign exchange market developments" and that " ...
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FOMC, BOJ, BOE take the reigns of market drivers: The Week Ahead - FOREX.com
Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should ...
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