quarta-feira, outubro 26, 2005

Reserva Federal Americana




Sobre a sucessão de Alan Greenspan, na Reserva Federal Americana, aconselho a leitura deste artigo do Economist, que enuncia a maneira extraordinária como este homem ocupou o cargo mais influente da economia mundial.

Because Mr Greenspan is widely rated by investors as the greatest central banker ever, their confidence in his mystical powers has helped to hold down bond yields and prop up the dollar. But combine America's domestic and external financial deficits with a looming “Greenspan deficit” next year and markets could well push down the dollar and push up bond yields, thereby bursting the housing bubble. With inflationary pressures rising, the new Fed chairman will need to push short-term interest rates higher; there will be much less room to cut rates later, as Mr Greenspan did after the stockmarket bubble burst in 2001. Would any sane person want this job?


É interessante verificar o nome e o perfil que o artigo traçava para o sucessor de Greenspan. Todavia, a escolha de George W Bush ficou-se pelo presidente do Conselho de Assessores Económicos da Casa Branca, Ben Bernanke.

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