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An Interview With Ben S. Bernanke

An Interview With Ben S. Bernanke Abstract In this interview, Dr. Bernanke recounts the concerns of his early days as chairman of the Federal Reserve in 2006 and the onset of the 2007–09 financial crisis. He then turns to the collapse of Lehman Brothers and AIG and its fallout. He emphasizes how important it is for the public to understand the Federal Reserve and what it does and the consequent importance of clear communication. Turning to postcrisis policies, he discusses unwinding quantitative easing, the global low-interest rate environment, and the importance of the Federal Reserve in maintaining financial stability. He expresses his confidence that recent measures make the U.S. economy less vulnerable to financial shocks than before the crisis. He also makes comments on income inequality and the housing market and discusses the statistics that he monitors regularly on the U.S. and global economies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

An Interview With Ben S. Bernanke

Business Economics , Volume 50 (1): 9 – Jan 1, 2015

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Publisher
Springer Journals
Copyright
2015 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/be.2014.38
Publisher site
See Article on Publisher Site

Abstract

Abstract In this interview, Dr. Bernanke recounts the concerns of his early days as chairman of the Federal Reserve in 2006 and the onset of the 2007–09 financial crisis. He then turns to the collapse of Lehman Brothers and AIG and its fallout. He emphasizes how important it is for the public to understand the Federal Reserve and what it does and the consequent importance of clear communication. Turning to postcrisis policies, he discusses unwinding quantitative easing, the global low-interest rate environment, and the importance of the Federal Reserve in maintaining financial stability. He expresses his confidence that recent measures make the U.S. economy less vulnerable to financial shocks than before the crisis. He also makes comments on income inequality and the housing market and discusses the statistics that he monitors regularly on the U.S. and global economies.

Journal

Business EconomicsSpringer Journals

Published: Jan 1, 2015

There are no references for this article.