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Wednesday, May 22, 2013

Bernanke's Leadership a Critical Factor for Fed Policy

I have a few comments on Bernanke's testimony this morning at CBS MoneyWatch. The bottom line:

... Battling the inclination to exit too soon is the most important challenge that the Fed faces. I think Bernanke understands this, and his leadership and ability to steer the middle away from the tendency to exit too soon will be a critical factor in the pace of the recovery.

    Posted by on Wednesday, May 22, 2013 at 12:41 PM in Economics, Monetary Policy | Permalink  Comments (14)


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