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The Fed's Real Job
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Lester G Telser
Published/Copyright:
June 29, 2007
Business reporters and Fed watchers focus on monetary policy which is no longer--if it ever was--the Fed's main job, according to Lester Telser. Ben Bernanke's own research suggests that even long ago the main danger to the economy came from the non-monetary effects of disruptions in confidence in the soundness of the banking system, a fact that is all the more true today.
Published Online: 2007-6-29
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Letter
- Letter: Why Not Just Ask the Dolphins?
- Reply to Kendall: Asking v. Story-Spinning
- Letter: Observation-Based Analysis and Industry Studies
- Letter: What Underlies the Inequality of "Garrison America"?
- Column
- The Fed's Real Job
- The Gender Pay Gap
- Do Voluntary Carbon Offsets Work?
- Reforming the IMF
