The reason investors have to get to know risk better, despite the
potential discomfort, is that we got what we wished for—an
economy with inflation in check.
The long secular battle against inflation began with the appointment
of Paul A. Volcker as chairman of the Federal Reserve
in 1979 by President Jimmy Carter, and was won, for now, during
Alan Greenspan’s more than 18 years at the helm of the nation’s
central bank. He retired at the end of January 2006.
potential discomfort, is that we got what we wished for—an
economy with inflation in check.
The long secular battle against inflation began with the appointment
of Paul A. Volcker as chairman of the Federal Reserve
in 1979 by President Jimmy Carter, and was won, for now, during
Alan Greenspan’s more than 18 years at the helm of the nation’s
central bank. He retired at the end of January 2006.
No comments:
Post a Comment