Profile of Ben Bernanke

Submit a 1000 word (maximum) essay that addresses the following questions:

  • Describe the institutional setup of the Federal Reserve and the role the politics plays in monetary policy.
  • What is meant by the term “dual mandate” and how does the dual mandate impact the Fed’s decisions with regard to guiding the economy?
  • What tools does the Fed use to guide the economy?
  • What role did Bernanke, as chairman of the Federal Reserve, play in the economic recovery?
  • Why were his actions questioned by conservatives? By liberals?

“The Villain”(The Atlantic)

(2012, April)

Lowenstein, R. (2012, April).

 
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