Even if he did not plan it this way, Federal Reserve Chairman Alan Greenspan is still brilliant.

Over the past two years, Greenspan and company have pulled off a breathtaking monetary policy coup. The process has been so successful that it is hard to believe Mr. Greenspan could have foreseen all of the pieces of the puzzle fitting so neatly into place.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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