By the end of the 1990s and 2000s,
A)the reputation of the Fed had declined substantially.
B)the influence and prestige of the Fed had increased.
C)Paul Volcker had replaced Alan Greenspan as Chairman of the Board of Governors.
D)the inflation rate had soared, calling into question the Fed's monetary policy.

Question

Quizplus · Accepted Answer

During the 1990s and 2000s, the Fed's influence and prestige had increased, as demonstrated by its role in responding to the 2008 financial crisis and its leadership under Chairman Alan Greenspan. While the Fed faced criticism and challenges during this time, overall its reputation had not declined substantially, and Paul Volcker did not replace Greenspan until the 1980s. The inflation rate remained relatively low during this period, and the Fed's monetary policy was generally seen as effective.

By the End of the 1990s and 2000s