Journal Article
Federal Reserve: The Fed, the Stock Market, and the "Greenspan Put"
Abstract: Market commentors noticed a pattern during Alan Greenspan's tenure as Fed chair from 1987 to 2006. The Fed, it appeared to some, had developed a policy of bailing out stock investors by injecting liquidity into the economy amid large stock market declines. This perceived tendency came to be called the "Greenspan put."
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https://www.richmondfed.org/-/media/RichmondFedOrg/publications/research/econ_focus/2023/q1/federal_reserve.pdf
Description: Journal Article
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Provider: Federal Reserve Bank of Richmond
Part of Series: Econ Focus
Publication Date: 2023
Issue: 1Q
Pages: 10-13