News
Market Watch | Nothing will deter Fed from tapering this week
Neither snow, freezing temperatures, market volatility nor a lousy jobs report will stay the Federal Reserve from taking another small step towards the exit this week.
Econ Comments & Analysis
Washington Post | Bernanke’s triumph — and defeat
As Ben Bernanke, the outgoing chairman of the Federal Reserve, must recognize, he is the victim of the law of diminishing returns. In the initial days of the 2008-09 financial crisis, he mobilized the Fed as the lender of last resort. This helped quell an intensifying financial panic and, arguably, averted a second Great Depression. Bernanke’s role has been much praised and deserves the nation’s gratitude. It is doubtful that anyone else would have done better.
