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Pastimes : QQQ & DIA - chat & chart
QQQ 611.67-1.9%Nov 6 4:00 PM EST
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To: MeDroogies who wrote (583)5/21/2003 2:57:46 PM
From: Chris McConnel  Read Replies (1) of 795
 
The common assumption is that the Fed controls money the money supply. I've pretty much gone along with that assumption.

They might not do it directly as you say, i would need to do more research to understand the process.

But i would bet dollars to donuts, that treasury cordinates with the fed to control money supply. And given the power of Greenspan, i would bet they would not make a move without his ok. Therefore, i feel correct in saying that Greenspan is in control of the money supply.
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