Guest Post: "Never Even a Whisper" at Fed's Open Market Committee Meetings → Washington's Blog

Guest Post: "Never Even a Whisper" at Fed's Open Market Committee Meetings → Washington's Blog

Ben Bernanke, William Dudley and Donald L Kohn are on the Fed's Open Market Committee (FOMC).
They are also on the board of directors of the Bank for International Settlements (BIS) – often called the "central banks' central bank". And Kohn is an alternate director for BIS.
Alan Greenspan, of course, was a BIS director for many years.
Dudley is also chairman of BIS' Committee on Payment and Settlement Systems. (Tim Geithner – previously on the FOMC – previously held that post).
So there is clearly quite a bit of overlap between the two groups.

In addition, BIS' chief economist – William White – and others within BIS – repeatedly warned the Federal Reserve and other central banks that they were setting the world economy up for a fall by blowing bubbles and then using "using gimmicks and palliatives" which "will only make things worse".


http://www.nakedcapitalism.com/2010/04/gue...e-meetings.html

http://www.commongroundcommonsense.org/forums/index.php?showtopic=89046&st=2880&gopid=1098602&#entry1098602