Speaking at the Federal Reserve's annual Jackson Hole conference on August 25, Chairman Alan Greenspan noted "considerable unease" among some citizens "about the way markets distribute wealth." Nevertheless, Greenspan and his colleagues have been served very well by these distributional mechanisms. According to the attached Financial Markets Center analysis of recently released financial disclosure statements, the five members of the Fed's Board of Governors saw their aggregate net worth jump by 17 to 20 percent during the course of 1999.
In addition to releasing the attached report [not attached; see <http://www.fmcenter.org/fmc_superpage.asp?ID=409> - ed.], FMC also provides the only online access to key portions of Fed governors' actual disclosure statements: check out <<http://www.fmcenter.org/fmc_superpage.asp?ID=240>www.fmcenter.org/fmc_superpage.asp?ID=240>.