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It started with Greenspan but ramped up under Bernanke. https://www.richmondfed.org/publications/research/econ_focus/2022/q4_federal_reserve https://www.richmo

• CGMthrowaway 2mo ago
  Not quite. "Notably, in 1974, Federal Reserve chair Arthur Burns felt it necessary to make clear that high nominal interest rates would need to continue “for a time” as an anti-inflation measure;" "A later chair, Paul Volcker, having presided over a period of very restrictive monetary policy, chose in March 1982 to make an explicit indication that nominal interest rates would and should fall in the period ahead." https://www.federalreserve.gov/econres/feds/files/2021033pap.pdf https://www.federalreserve.gov/econres/feds/files/2021033pap...