Greenspan at Fed Jackson conference
Federal Reserve chairman Greenspan at the Kansas City Fed Jackson Hole conference: Fed's forecasts and policy is increasing driven by asset price changes. Economic analysis must deal with balance sheet issues now more than in the past.
Greenspan on asset prices: "Our forecasts and hence policy are becoming increasingly driven by asset price changes."
临退休了，Greenspan似乎终于没有太多顾忌，开始谈论balance sheet的问题了。
随波逐流
