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Greenspan Defends Flexible Fed in Complex Economy
Former Fed chief Alan Greenspan defended monetary policy flexibility at a major conference in Jackson Wyoming. He argued inflation targets are too rigid for managing a wide array of risks and warned the Fed must be ready to insure against rare adverse outcomes including potential deflation unseen since the 1930s.
MENTIONED IN THIS ARTICLE
Jackson
Wyo
Alan Greenspan
Federal Reserve Board
Greenspan
U.S
Fed
United States