As the conduct of monetary policy becomes more challenging it also obliges policymakers to devote more care to the process of understanding how the changes at the global level affect the balance between opportunity, risk and uncertainty, so that we have the flexibility to respond efficiently and in a timely manner to any crisis to the extent that domestic policies will allow.
Mr. Greenspan offers some considerations as a guide for government decisions on regulating the financial markets Remarks by Chairman of the Board of Governors of the US Federal Reserve System, Mr. Alan Greenspan, at the Financial Markets Conference of the Federal Reserve Bank of Atlanta held in Coral Gables, Florida on 21/2/97.