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".

Read the full article: To intervene or not, Bernanke's risk assessment (subscription required)

Federal Reserve QE Ben Bernanke Bill White Alan Greenspan Bernie Fraser Reserve Bank Paul Volcker the US stock prices asset inflation quantitative easing

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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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