Is Greenspan unique? No, central Banking Itself Has Been Elevated

By Greg Ip

1151 words

19 September 2005

The Wall Street Journal

A2

English

(Copyright (c) 2005, Dow Jones & Company, Inc.)

LAST MONTH, an Australian newspaper proposed a novel candidate to succeed Alan Greenspan as Federal Reserve chairman: Ian Macfarlane. Though an unknown in the U.S., Mr. Macfarlane has something no other candidate can boast: a track record that rivals Mr. Greenspan’s.