21st Century Monetary Policy by Ben S. Bernanke

Review Quotes In a world where $2.15 trillion is floating in the U.S. Beyond explaining the central banks new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Feds decisions, as well as the personalities and philosophies of those who led the institution. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence. Taking a fresh look at the banks policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Feds innovations. Bernanke-former chair of the Federal Reserve and one of the worlds leading economists-explains the Feds evolution and speculates on its future. These strategies would have astonished Powells late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. Chair Jerome Powell and his colleagues lent directly to U.S. Book Synopsis In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. About the Book The winner of the 2022 Nobel Prize in Economics and former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions.

21st Century Monetary Policy by Ben S. Bernanke