As Federal Reserve chair from 2006 to 2014, Ben Bernanke helped steer the economy through the turmoil of the global financial crisis and the Great Recession. Now a distinguished fellow in residence at the Hutchins Center at Brookings, Bernanke explains the evolution of monetary policy over the past 70 years and speculates on its future in a new book, “21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19.”
On May 23, Bernanke talked about how and why the Fed’s monetary policy has changed and the challenges that it faces today and may face in the future. After his comments, David Wessel, director of the Hutchins Center, interviewed him.
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