Did Greenspan's Rock-Bottom Rates Fuel the Housing Bubble?

Did Greenspan's Rock-Bottom Rates Fuel the Housing Bubble?

Alan Greenspan kept borrowing costs at 1% through 2003–04 after the dot-com crash and 9/11. Critics blame that cheap money for the 2008 housing collapse. Economists still split on whether the Fed drove the bubble or merely enabled it. The answer shapes how central banks now balance growth against inflation and asset-price risks.

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