Statement: Retirement of Alan Greenspan

For more than 18 years Alan Greenspan was a strong and effective Chairman of the Federal Reserve. His steady hand helped steer our economy through some rough spots. Inflation was lower and recessions were shorter than they might have been without his leadership. One of the reasons Alan was so successful was that he never lost his passion for learning more about our complex and rapidly changing economy. Another key to his success was that he rarely let his political philosophy interfere with his analysis of the facts. I like and respect him very much and am grateful for his dedicated service at a pivotal point in American history. I wish him and Andrea all the best

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