The economic stability and robust growth the U.S. enjoyed in the... Trade, technology and a wise central bank had helped fuel an era of rising prosperity. When U.S. economic leaders in April 2000 gathered in the White House to mark a decadelong expansion, the consensus was clear. Stick to that model, Alan Greenspan, then Federal Reserve Chairman, told the assembly, and “I do not believe we can go wrong.”Much did go wrong.

Source: Wall Street Journal July 07, 2016 16:40 UTC