Ben Bernanke 'dazzles' with speech on unemployment
Economy bloggers praised Ben Bernanke's speech Monday for being unapologetic in laying out the Federal Reserve's short-term objectives to lower unemployment, Brown writes. The speech is worth the read for anyone interested in Bernanke's views on monetary policy, Brown writes.
Economy bloggers praised Ben Bernanke's speech Monday for being unapologetic in laying out the Federal Reserve's short-term objectives to lower unemployment, Brown writes. The speech is worth the read for anyone interested in Bernanke's views on monetary policy, Brown writes.
Ben Bernanke's speech yesterday was very well-received by the聽Blognoscenti聽and the聽Twitterati聽who cover economics and finance; they found it to be his most forthright and unapologetic in terms of laying out the body's shorter-term objectives to lower unemployment.
The format of for the Fed Chairman's remarks was a rhetorical Q&A, these are the five questions he asked and answered:
- What are the Fed's objectives, and how is it trying to meet them?
- What's the relationship between the Fed's monetary policy and the fiscal decisions of the Administration and the Congress?
- What is the risk that the Fed's accommodative monetary policy will lead to inflation?
- How does the Fed's monetary policy affect savers and investors?
- How is the Federal Reserve held accountable in our democratic society?
My friend Joe Weisenthal called this a dazzling speech in that it was heavy on myth-busting and took some of the more popular conspiratorial delusions about the Fed's activities and aims head on...
I highly recommend that everyone reads the whole speech at some point this week, no matter how sophisticated (or unsophisticated) so as to truly understand the mind and workings of the FOMC right now.
Full text here:聽Federal Reserve Board
Read Also:聽Ben Bernanke Gave A Dazzling Speech About Monetary Policy鈥擡verybody Needs To Grasp The Key Points (Business Insider)