...an excellent description of what the Fed does and why we need it. He takes a fresh look at Greenspan and provides solid analysis of Bernanke's record as a scholar and policy maker.
Ben Bernanke's Fed: The Federal Reserve After Greenspanby Ethan S. Harris
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Ben Bernanke's swearing in as Federal Reserve chairman in 2006 marked the end of Alan Greenspan's long, legendary career. To date, the new chair has garnered mixed reviews. Business economists see him as the best-qualified successor to Greenspan, while many traders and investors worry that he's too academic for the job. Meanwhile, many ordinary Americans do not even know who he is.
How will Bernanke's leadership affect the Fed's actions in the coming years? How will Bernanke build on Greenspan's success, but also put his own stamp on the Fed? What will all this imply for businesses and investors? In Ben Bernanke's Fed, Ethan Harris provides exceptional insights into these crucial issues.
As a leading "Fed watch" economist, Harris draws on Bernanke's academic research, his speeches as a governor of the Fed, and his first two years on the job to shed light on:
· How the Federal Reserve analyzes and manages the economy using a synthesis of classical and Keynesian theory
· Bernanke's strategies for fighting inflation
· The implications of the new chair's remarkably plain-spoken style
· How Bernanke has cultivated diverse viewpoints but still builds consensus within the Fed
Engaging and discerning, this book demystifies the man who has stepped into what many describe as the second most powerful job in America.
- Harvard Business Review Press
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- NOOK Book
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- 2 MB
Meet the Author
Ethan S. Harris is a member of Lehman Brothers' Global Economics team. A U.S. chief economist, he started his career at the Federal Reserve Bank of New York, joining Lehman Brothers in 1996.
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