Since the late 1980s,the Fed began to take a balanced approach of controlling interest rates and money supply growth,rather than focusing solely on the money supply.

Question

Quizplus · Accepted Answer

This is true. The Fed shifted its approach in the late 1980s to also incorporate interest rate control, in addition to monitoring money supply growth. This balanced approach is still in use today.

Since the Late 1980s,the Fed Began to Take a Balanced