- November 28, 2002
Today we are going to look at a very important speech by new Federal Reserve Governor Ben Bernanke. I think this is one of the more important letters I have written in a while. The speech has received a lot of publicity for some of it's speculations about potential Fed policy. Some seem to find very dire and immediate negative implications in the speech. I, frankly, do not.
However, I do think the speech is important because it gives us insight into the nature of the operational (and...Read more