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Economics

Alan Greenspan on His Fed Legacy and the Economy

"Every time I expressed a view, I added or subtracted 10 basis points from the credit market" — "Every time I expressed a view, I added or subtracted 10 basis points from the credit market"Photograph by Maciek Jasik for Bloomberg Businessweek

By

Devin Leonard and

August 10, 2012, 2:30 AM UTC

Devin Leonard and Peter Coy talk to the former Fed chairman about Fed-speak, Ayn Rand, and why he quit playing the sax. And then there’s his legacy …

Before you were a professional monetary policy person, you were a professional saxophonist. What are the similarities between the two professions?
Virtually none.