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The Fed's Real Job

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Author Info
Lester Telser (University of Chicago)
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.

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File URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1247&context=ev
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Publisher Info
Article provided by Berkeley Electronic Press in its journal The Economists' Voice.

Volume (Year): 4 (2007)
Issue (Month): 4 ()
Pages: 4
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:bep:evoice:4:2007:4:4

Note: oai:bepress:ev-1247
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Web page: http://www.bepress.com

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Related research
Keywords: monetary policy

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This page was last updated on 2008-11-20.

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