Greenspan put
MONETARY POLICY TOOL OF THE FEDERAL RESERVE
Bernanke put; Fed put; The "Greenspan Put"; Greenspan boom; Alan Greenspan's monetary policies; Powell put; Yellen put; Powell bubble
The Greenspan put was a monetary policy response to financial crises that Alan Greenspan, former chair of the Federal Reserve, exercised beginning with the crash of 1987. Successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put's repurchase agreements (or indirect quantitative easing) and creating successive asset price bubbles.