The Fed 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

This statement is generally accepted by many economists and analysts. The low interest rates set by the Fed during Greenspan's tenure are believed to have contributed to the housing bubble that eventually led to the financial crisis in 2008, which occurred during Bernanke's tenure as Fed Chair.

The Fed Did a Good Job of Keeping the Economy