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Fed Chief Shifts Path, Inventing Policy in Crisis

New York Times Original article ›

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LyrArc Article Gist
How Ben Bernanke is having to invent Fed policy on the fly. His thinking in academia was that the Fed should not make ad hoc policy but go through things carefully. Now with crisis after crisis in the financial markets in 2007 this is what he has to do make policy in response to changing events.


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