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Federal Reserve Independence in the Aftermath of the Financial Crisis
In "Federal Reserve Independence in the Aftermath of the Financial Crisis: Should We Be Worried?" former Federal Reserve Vice Chairman Donald Kohn writes that Federal Reserve independence is at risk, thanks to the dramatic actions that it had to take during and after the global financial crisis. Kohn says keeping the central bank independent from elected politicians is crucia:: Across time and across countries, there's plenty of evidence that less independence leads to more inflation -- publishers' web site
Central Bank Talk
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Stewardship Resilience
Who is Stewardship Resilience Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the Department of Economics there from 1996 to September 2002, when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic...
