Can Alan save the day again?

ARTICLE - Probably not. In the past decade, we've created inflated ideas of the Federal Reserve's power.

First published in Newsweek, 22 October 2001

By Robert J Samuelson

These are times of shattered illusions. The attacks of 11 September destroyed our sense of invulnerability, and now the mythology of the "New Economy" is receding before the reality of declining jobs and profits. To this list may soon be added the Federal Reserve's presumed power, which-during the reign of Alan Greenspan as Fed

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