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December 3, 2012

Cuba
Alan Gross Begins His Fourth Year in a Cuban Prison

Alan Gross begins his fourth year in a Cuban prison tomorrow, having been jailed on December 3, 2009.  The State Department issued a good statement:   Tomorrow Alan Gross will begin his fourth ye…

Blog Post by Elliott Abrams Pressure Points

December 16, 2014

Monetary Policy
What Did the Greenspan Fed Do with Its “Considerable Time” Pledge in ’04?

The big question for the December 16-17 FOMC meeting is whether to drop the pledge to keep rates at near-zero for a “considerable time.” Prior to the last meeting in October, two-thirds of primary…

What Did the Greenspan Fed Do with Its “Considerable Time” Pledge in ’04?
Blog Post by Benn Steil and Dinah Walker Geo-Graphics

February 8, 2005

Chairman Greenspan: Do Not Worry, Be Happy

The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …

Blog Post by Brad W. Setser Follow the Money

August 30, 2005

Economics
Rubin doctrine of international finance v. Greenspan doctrine …

The Rubin doctrine of international finance (From In an Uncertain World):1. The only certainty in life is that nothing is ever certain.2. Markets are good, but they are not the solution to all proble…

Blog Post by Brad W. Setser Follow the Money

December 11, 2006

Financial Markets
Greenspan talks down the RMB and the riyal …

The maestro (former maestro?) probably didn't intent to talk the dollar down …   so much as state an obvious reality.   Bloomberg:  ``The dollar will continue to drift downward until there is a cha…

Blog Post by Brad W. Setser Follow the Money