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Thursday, February 02, 2006

Greenspan's New Job

That didn't take long:

Sir Alan, Britain's Newest Economic Adviser, by Nell Henderson, Washington Post: Not bad for the first day on the job. As Alan Greenspan opened his new consulting firm yesterday, the British government's top economic official announced that he had retained the former U.S. Federal Reserve chairman as an unpaid adviser on economic issues. "I am delighted that Dr. Greenspan has agreed to be Honorary Adviser," Chancellor of the Exchequer Gordon Brown said in a written statement. "His advice on issues relating to global economic change will be much appreciated." ... The two men will confer "as issues of importance come up" said Charlotte Farrar, spokeswoman for the British treasury. ... Greenspan is so well regarded in Britain that Queen Elizabeth II awarded him an honorary knighthood in 2002 in recognition of "his outstanding contribution to global economic stability." ...

Greenspan's cachet "enables Brown to argue that whatever problems the British economy is having are related to the broader problems of the global economy and that the world's greatest central banker says Brown's is the best hand to have on the tiller," Forsyth said. That may benefit Brown -- if voters can understand what Greenspan is saying. ...

    Posted by on Thursday, February 2, 2006 at 08:46 AM in Economics, Monetary Policy | Permalink  TrackBack (0)  Comments (4)


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