Bernanke Impresses the Blognoscenti, Twitterati

Ben Bernanke’s speech yesterday was very well-received by the Blognoscenti and the Twitterati who cover economics and finance; they found it to be his most forthright and unapologetic in terms of laying out the body’s shorter-term objectives to lower unemployment.

The format of for the Fed Chairman’s remarks was a rhetorical Q&A, these are the five questions he asked and answered:

  1. What are the Fed’s objectives, and how is it trying to meet them?
  2. What’s the relationship between the Fed’s monetary policy and the fiscal decisions of the Administration and the Congress?
  3. What is the risk that the Fed’s accommodative monetary policy will lead to inflation?
  4. How does the Fed’s monetary policy affect savers and investors?
  5. How is the Federal Reserve held accountable in our democratic society?

My friend Joe Weisenthal called this a dazzling speech in that it was heavy on myth-busting and took some of the more popular conspiratorial delusions about the Fed’s activities and aims head on…

…what we liked about the speech was the sheer volume of myths and misconceptions that he debunked or clarified in a short period of time.

Myths about the Fed are legion (repeated ad nauseam by pundits and politicians) and it seems that Bernanke realizes that the more exotic Fed policy becomes, the more he must inevitably debunk memes in order to justify his actions. Lowering rates during normal times is fairly uncontroversial and easy to understand. Buying bonds on an unlimited basis while indicating that rates will be kept low for years requires some ‘splaining. Today’s mythbusting is an extension of something he did at his September 14 press conference…

I highly recommend that everyone reads the whole speech at some point this week, no matter how sophisticated (or unsophisticated) so as to truly understand the mind and workings of the FOMC right now.

Full text here:

Federal Reserve Board

Read Also:

Ben Bernanke Gave A Dazzling Speech About Monetary Policy—Everybody Needs To Grasp The Key Points (Business Insider)

What's been said:

Discussions found on the web
  1. pick & mix sweets commented on Sep 29

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  2. evolution brokers review commented on Sep 29

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  3. Bitcoin Era Review commented on Sep 30

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  4. bitcoin era online commented on Oct 02

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  5. Digital Marketing commented on Oct 10

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  6. Sig Sauer commented on Oct 14

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  7. replicas rolex commented on Nov 26

    … [Trackback]

    […] There you can find 76435 additional Information to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  8. Matt Erausquin commented on Nov 26

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  9. Skrotning av bil Trollhättan commented on Dec 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  10. cbd for anxiety commented on Jan 02

    … [Trackback]

    […] Here you can find 79191 additional Info to that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]

  11. slot online commented on Feb 06

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/ […]