Word: greenspans
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Even by the buttoned-up standards of central bankers, Alan Greenspan is not an effusive man. But one economic phenomenon has driven the U.S. Federal Reserve Board Chairman to reach for the superlatives: in March, he marveled at the "extraordinary" efforts of China and Japan to prop up the dollar by pumping money into U.S. bonds. Japan's accumulation of U.S. securities, he declared, was "awesome." Indeed, in the first three months of this year, China and Hong Kong bought $167 billion of American securities (primarily U.S. treasuries and corporate bonds), while Japan bought $336 billion worth, according...
Summers has also maintained ties to Washington, keeping up with his former colleagues from the Clinton administration. He is widely considered one of the top Democratic contenders to replace Chairman of the Federal Reserve Alan Greenspan upon his departure...
Nonetheless, Summers remains close with many in Washington and is a frontrunner, under a Kerry administration, to replace Alan Greenspan when his tenure as Chairman of the Federal Reserve expires in 2006, according to several published reports...
Reischauer says he thinks Summers seems to be having a “good time” as the president of Harvard, and while he’s sure Summers is on many insiders’ short lists to replace Greenspan, the issue has not been discussed by the Corporation...
...Controls the Economy? In "Where Presidents Have No Power" [May 10], Charles Krauthammer argued that regardless of one's opinion of the state of the U.S. economy, the President really has no control over it. But Alan Greenspan says (and many economists agree) that America's huge budget deficits will leave the economy wobbling. Those deficits are largely the result of Bush's policies-tax cuts, wars in Afghanistan and Iraq, and so forth. If these actions leave the economy in a weakened state, I have to conclude that the President does, in fact, have significant control over the economy...