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Related to the Making the ConnectionLOADING...] We have seen that Federal Reserve Chairman Ben Bernanke has argued that low interest rates in the United States
Related to the Making the ConnectionLOADING...] We have seen that Federal Reserve Chairman Ben Bernanke has argued that low interest rates in the United States during the mid-2000s were due to a global savings glut rather than to Federal Reserve policy. In an interview with Albert Hunt of Bloomberg Television, Alan Greenspan, who was Federal Reserve Chairman from August 1987 through January 2006 made a similar argument. Greenspan argued, "Behind the low level of long-term rates: a global savings glu
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