The Fed Communications Debate: Bernanke Versus Warsh
About this episode
The episode discusses the communication styles of past Federal Reserve Chairmen, particularly focusing on Alan Greenspan's legacy and the contrasting approaches of Bernanke and Warsh.
Alan Greenspan, who served as Fed Chairman for almost 20 years, died last month at the age of 100. He was a talented and faithful public servant who guided U.S. monetary policy through the stock market crash of 1987, the boom years of the 1990s and the dot-com bubble. He was thoughtful and witty in his public comments. However, he seemed to regard a lack of clarity as almost a virtue. He inherited a Fed that had always been reticent to communicate and he largely maintained that cloak of secrecy.
More episodes of Notes on the Week Ahead
- A Top Down View of the Earnings Surge
- Consumer Sentiment and the Stock Market
- The Healing of Housing
- The MOU and Warsh: A Changing Macro Landscape
- The Inflation Outlook and Fed Policy under New Leadership
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