Greenspan Acknowledges Missteps but Defends Fed Policy on the Housing Bubble
March 18, 2010 at 16:29 PM EDT
Former Federal Reserve chairman Allen Greenspan, whose reputation has been tarnished by the global financial crisis, argues that his 2002 to 2005 policy of low interest rates did not cause the housing bubble. “The global house price bubble was a consequence of lower interest rates, but it was long term interest rates that galvanized home [...]
