Tuesday, May 8, 2012
The A-List: Raghuram Rajan - Stop beating up on Bernanke
The A-List: Raghuram Rajan - Stop beating up on Bernanke Poor Ben Bernanke! He has gone further than any other central banker in recent times to try to stimulate the economy through monetary policy. He has cut interest rates to the bone. He has adopted innovative new methods of monetary easing such as quantitative easing. Again and again he has repeated that while inflation is contained, his main concern is the high level of US unemployment. And yet he is chastised by progressive economists for not doing enough.
Posted by Michele Kearney at 8:50 AM