Fed Chairman Bernanke’s response to the Great Recession was direct

May 30th, 2012|by Michael Ashley Schulman, Perspectives, The Big Picture|

Fed Chairman Bernanke’s response to the Great Recession was direct – support overall demand and asset prices while the private sector deleveraged – otherwise, private-sector confidence would collapse and recession would turn into depression. So the Fed cut interest rates aggressively and Bernanke adopted many of the unconventional measures he had first talked about in […]