The Federal Reserve did a good job of keeping the economy near full employment with stable prices for most of Alan Greenspan's tenure, but it may have been responsible for encouraging the housing bubble that plagued Ben Bernanke.

Question

Quizplus · Accepted Answer

Alan Greenspan's monetary policies during his tenure as Fed Chair from 1987 to 2006 were generally effective in maintaining stable prices and low unemployment. However, his policy of keeping interest rates low following the dot-com bubble burst may have contributed to the housing bubble that burst during Ben Bernanke's tenure.

The Federal Reserve Did a Good Job of Keeping the Economy