Comment: Roach slates Greenspan

Do Alan Greenspan's recent comments regarding the relationship between asset prices, monetary policy and macroeconomic stability present an about-face on some of his most controversial views? If so, what does this mean for the person who is to succeed him?

COMMENT BY CENTRALBANKNET

There can be little doubt that his view on asset prices has been a defining aspect of Greenspan's tenure as chairman of the Fed. He has, despite innumerable calls for active intervention, clung to his mantra that asset

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