UBS On-Air: Paul Donovan Daily Audio 'We're not in the Greenspan era any more'




UBS On-Air show

Summary: The US Federal Reserve meets?this is not the Greenspan era any more (for younger readers, Greenspan was Fed Chair back when some economists were starting their careers and had hair). In the 1990s, inflation and the cost of credit were critical economic issues, easily controlled by the Fed. Today, inflation is contained and business creation suggests no credit constraint.