Grennspans effect on money supply
Alan Greenspan’s Effect on America’s Money Supply Alan Greenspan’s Effect on America’s Money Supply Congress established the Federal Reserve, the central bank of the United States, in 1913 to provide the country with a more secure, more flexible, and more stable monetary and financial system. ... One of its areas of influence is determining at what interest rates the government will lend out money, a decision that can hurry or shrink the economy, and can increase or reduce inflation rates.