RealClearMarkets/CJ Maloney/2-24-2023
“What are the regrets, if any, that weigh on Ben Bernanke’s memory when he looks back on his time as Fed Chair from 2006 until 2014? After a reading of his latest book 21st Century Monetary Policy I would say that — at this time — his most notable regret, one made repeatedly, is that he hadn’t made his experimental monetary operations even larger.”
USAGOLD note: Bernanke’s legacy lives on at the Federal Reserve today – for better or worse. History will be the judge – particularly on his most enduring and far-reaching contribution, quantitative easing. Maloney takes a deep dive into the Bernanke Fed – and the impact it had then and now. Commenting on the Bernanke Fed, Jerome Powell said, “We crossed a lot of red lines that had not been crossed before.”
