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Book cover of 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19

21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19

by Ben S. Bernanke

Summary & Key Takeaways

Does the economy feel like a black box where the rules keep changing? In today’s briefing, we dive into Ben Bernanke’s 21st Century Monetary Policy to reveal the logic behind the chaos. We explore the massive shift from Paul Volcker’s “sledgehammer” approach of the 1970s to the modern Fed’s complex “rocket booster” tools. Discover why the battle has shifted from fighting inflation to fighting stagnation and what that means for your money.

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About the Author

Ben S. Bernanke

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Ben S. Bernanke is a Nobel Prize-winning economist who served as the 14th Chair of the Federal Reserve from 2006 to 2014. He is widely considered a leading authority on monetary policy and financial crises, having steered the U.S. economy through the 2008 financial crisis and the Great Recession. …

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