Money | Good things happen when inflation is low, and Alan Greenspan's tenure as head of the Federal Reserve Board witnessed a strong run for the U.S.
by Timothy Lamer
Posted 2/04/06, 12:00 am
The Labor Department reported on Jan. 18 that the consumer price index rose by 3.4 percent during 2005.
The fact that most people probably missed that news-or they heard it and promptly forgot it-is a testimony to Alan Greenspan's tenure as chairman of the Federal Reserve Board. Thirty years ago, everybody would have heard about a CPI gain of 3.4 percent, and nobody would have forgotten it. Politicians, rushing to podiums to claim credit, wouldn't have let them forget.