Greg Ip

Articles by The Economist’s U.S. Economics Editor

Archive for August 2007

Bernanke Breaks Greenspan Mold

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  • AUGUST 30, 2007
  • Managing Crisis, Fed Chief Dulls Notion That Turmoil In Market Leads to Rate Cut

    WASHINGTON — When Ben Bernanke was nominated to head the Federal Reserve in 2005, he promised to “maintain continuity with the policies and policy strategies established during the Greenspan years.” But in handling his first financial crisis, Mr. Bernanke shows signs of a break with Alan Greenspan, the Fed’s chairman from 1987 to 2006.

    That shift is important in understanding why Mr. Bernanke hasn’t cut the Fed’s main interest rate yet, and it could alter investors’ expectations of how the Bernanke Fed will function. Read the rest of this entry »

    Written by gregip

    August 30, 2007 at 11:41 pm

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