What fueled the record-breaking US economic expansion under Greenspan?

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The expansion was fueled by Greenspan’s decision to let the economy run and by a mid-1990s productivity surge that kept inflation contained.

Greenspan oversaw the second-longest economic expansion in US history, an uninterrupted decade of growth from March 1991 to March 2001. The expansion was driven in part by his choice not to raise interest rates despite pressure over an inflation threat that never materialised, and by his view that a productivity surge in the mid-1990s would prevent inflation from rising.
He resisted pressure to tighten monetary policy
Greenspan decided to let the economy run rather than lift interest rates. That choice mattered because some policymakers were worried about inflation, but the feared price surge did not appear.
Productivity growth in the mid-1990s was central
His key judgment was that a productivity surge in the mid-1990s would keep inflation contained. That call became one of the defining features of the 1991 to 2001 expansion.
The result was a decade of uninterrupted growth
The US economy grew without interruption from March 1991 to March 2001. That made it the second-longest expansion in US history and helped create years of US prosperity.
Greenspan’s call remains a benchmark for policymakers
His intuition is still treated as a touchstone for policymakers. Former Fed Chair Jerome Powell has pointed to it as an example of how judgment can sometimes outperform technical models of the economy.

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What fueled the record-breaking US economic expansion under Greenspan?

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