Article
The Fed's Real Job
The Economists' Voice
(2008)
Abstract
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.
Keywords
- monetary policy
Disciplines
Publication Date
July 25, 2008
Citation Information
Lester G Telser. "The Fed's Real Job" The Economists' Voice Vol. 4 Iss. 4 (2008) Available at: http://works.bepress.com/lester_telser/2/