For years we have admired Don's expertise and presence in the community. We are excited to have him join our team. |
Greenspan showed that you can have long periods of full employment without inflation. |
It was very hard to bring it down to 4%, but it was also very hard to bring it down from 4% because at that point people weren't terribly concerned about inflation. |
Volcker brought inflation down to about 4% -- Greenspan took it the rest of the way. |