To intervene or not, Bernanke's risk assessment

Max Walsh, 20 June 2013, The Australian Financial Review (subscription required)

Former Fed chairman Alan Greenspan has warned that the markets could over-ride the present policy settings of the QE regime. 

"Monetary policy is definitely an art not a science." That's according to Bernie Fraser, former governor of the Reserve Bank.

That was back in 1994 when he delivered a speech to a conference of economists entitled "The Art of Monetary Policy".

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Max Walsh

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Max Walsh was for many years one of Australia’s top economic and political commentators, highly regarded as a journalist, author and broadcaster. Throughout his career, Max was involved in all dimensions of the media industry, which has encompassed positions with two of Australia’s largest publishing companies and television networks.

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