STILL PUMPED UP?

摘要

Back, in 1994, when the Federal Reserve last attempted to bring the economy in for a trouble-free soft landing, central bank Chairman Alan Greenspan had a hunch. He began to suspect productivity growth was about to take off, though many of his Fed colleagues were skeptical. "I hope that one of these days I will be able to finally say I told you so," he joked to his fellow monetary mandarins. As everyone knows, the Fed chief proved right, and the New Economy was born.