Describe the differences and similarities of the conduct of Chairman Greenspan and Bernanke in managing the Fed policy?
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The differences and similarities in the conduct of Bernanke's and Greenspan's policies
The similarities between Bernanke's and Greenspan's policies are that both take knee-jerk actions with the benchmark rate. Both respond precipitously to developments in the financial markets. Even though the differences in circumstances are large, both Bernanke's and Greenspan's are similar in the sense that they both react with rate changes.
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