An article in the New York Times in 1993 stated the following about Fed Chairman Alan Greenspan's decision to no longer announce targets for the money supply: "Since the late 1970's, the Federal Reserve has made many of its most important decisions by setting a specific target for growth in the money supply ... and often adjusted interest rates to meet them." If the Fed would no longer have a specific target for the money supply, what was it targeting? Why did the Fed give up targeting the money supply?