Greenspan's Dilemma

The more confident investors are in him, the harder his job becomes

Since taking office as the nation's top banker 13 years ago, Federal Reserve Chairman Alan Greenspan has managed to foster ever-stronger confidence. Through stock market crashes, global financial crises, and the emergence of a New Economy in which the old rules about growth and productivity have gone out the window, he has fine-tuned Fed policy with nary a miss.

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