Fed Chairman Alan Greenspan managed to keep the rate of inflation low as the economy was growing at a brisk pace by setting and hitting low money supply growth rate targets.

Question

Quizplus · Accepted Answer

Alan Greenspan did not primarily use money supply growth rate targets to manage the economy. Instead, he focused on adjusting the federal funds rate to influence economic conditions, including inflation and growth.

Fed Chairman Alan Greenspan Managed to Keep the Rate of Inflation