Mr. Greenspan looks at the need for financial reform and the importance of a decentralized banking structure in the United States Remarks by the Chairman of the Board of Governors of the US Federal Reserve System, Mr. Greenspan, at the Annual Convention of the Independent Bankers Association of America in Phoenix, Arizona, on 22/3/97.
Distinguished guest, ladies and gentlemen Strong commitment to reforms has yielded a progressive and more resilient fundamental performance, especially in the last five years. Indonesia resumed higher levels of growth and has re-emerged as a confident middle-income country as well as increasing regional and global standing as the world’s strongest economic performers close to those of India and China.