21st Century Monetary Policy

In 21st Century Monetary Policy, former Federal Reserve Chair Ben S. Bernanke provides an insightful exploration of the Federal Reserve's evolution, particularly in response to the COVID-19 pandemic. He discusses the innovative policy tools employed to stabilize the U.S. economy and the financial system, including direct lending and massive securities purchases. Bernanke highlights the implications of these changes on future economic policy, examining challenges such as inflation, cryptocurrencies, and the risks to the Fed's independence, all while delving into the personalities and pivotal moments that have shaped the institution over the past seventy years.