WASHINGTON - Members of Congress greeted Federal Reserve Board Chairman Alan Greenspan with some hot political rhetoric when he have his Humphrey-Hawkins testimony last week, but they blew a chance to ask him a few tough questions about why the money supply is sputtering.

Democrats on the Senate Banking Committee didn't mind criticizing the Fed. Chairman Donald Riegle of Michigan, for example, said the central bank moved too timidly in cutting short-term rates. But discussion of the money supply had to wait for the next day.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.