Ricardo Reis Fed Quotations

The secret to Greenspan's success remains a secret. When the next leader of the Fed takes his seat behind the chairman's desk and opens the top drawer in search of Alan Greenspan's magic formula, he will be sorely disappointed.

While there are some negatives in the record, when the score is toted up, we think he has a legitimate claim to being the greatest central banker who ever lived. His performance as chairman of the Fed has been impressive.