3min chapter

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The Mystery of Inflation

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CHAPTER

Allan Greenspan, Chairman of the Federal Reserve Board

Allan greenspan has guided the federal reserve with a rare combination of technical expertise, sophisticated analysis and old fashioned common sense. Greenspan's federal reserve played a major role in his success because he continued the tradition set by his paul volker of acting aggressively to control monetary policy. The current cyclicaf upswing is now approaching six years in duration. And the economy has retained considerable vigor. If you grew up in the 19 nineties, like me, you might remember it as a great time economically. That's because it kind of was, with few signs oan balances and inflationay tensions, that is, that of disrupted past expansions.

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