A summary of the Federal Reserve's shift in policy and transparency during the tenures of Paul Volker and Alan Greenspan. Discusses the changes in the Fed's approach to monetary policy from managing money supply to managing short term interest rates. The new Fed Chair, Ben Bernanke, supports a Fed policy targeting inflation rather than interest rates or money supply. Reviews Mr. Bernanke's credentials, his relationship with Congress and the market's reaction to him since his nomination.
Topics & Details
- Tags - Alan Greenspan, Ben Bernanke, Federal Open Market Committee, Franklin Roosevelt, Gerald Ford, Jim Bunning, Paul Volcker
- Categories - Fiscal Policy, Inflation, Interest Rates, Management, Monetary Policy, Money, Notes, Risk Tolerance, Trade Imbalances, US Budget Deficit
- Download the PDF: - "Meet Ben Bernanke, the New Fed Chair"
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