Question

Why did Paul Volcker and Alan Greenspan have such an enduring effect on the US economy?

Answer 1

Paul Volcker and Alan Greenspan have an enduringeffect on the US economy.

•The two previous officeholders at Fed; Paul Volcker and Alan Greenspan are the ones who overwhelmed the foundation for in excess of a fourth of a century had a place with various classes.

•On one hand, Volcker was a community worker in the best feeling of the word. During the 1970s, he picked up acknowledgment as the US treasury's globe-running troubleshooter, managing the breakdown of Bretton Woods.

•Then again was Greenspan became "privileged counsel" to the UK treasury after he resigned. His speculations on advantages of subsidiaries, a self-changing intensity of the market are profoundly undermined now.

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