Question: Who Are the Major Players in the Battle Against Inflation?
Answer: Since 1987, the two most influential players in the fight against inflation have been the former and current Chairmen of the Board of Governors of the Federal Reserve System.
Alan Greenspan: Former Federal Reserve Chairman from 1987-2006. Advocate of laissez-faire economics, where the Fed doesn't try to micromanage the economy, but instead sticks to broad goals of stimulating the economy while avoiding inflation.
Ben Bernanke: Current Federal Reserve Chairman, as of January 2006. Advocate of inflation targets as a way of setting public expectations of Fed actions. Fed Governor from 2002-June 2005, when he became the Chairman of the President's Council of Economic Advisors. Professor of Economics at Princeton from 1985-2002, including two terms as department chair. His expertise was in the role of the Fed and monetary policy in the Depression.
Inflation FAQ
- What is Inflation?
- How Does Inflation Impact My Life?
- Why Hasn't Inflation Been a Concern Until Now?
- Who Are the Major Players in the Battle Against Inflation?
- What is Being Done to Control Inflation?
- How Can I Protect Myself From Inflation?
