Sunday, November 28, 2010

Chairman Ben S. Bernanke's Speech - Emerging from the Crisis: Where Do We Stand?

This speech from the Fed's Chairman nicely capture the current state of the economy after the Financial Crisis and the Great Recession. Besides, he addresses several approaches, traditional ones and also innovative ones, that the Fed and central banks around the world took to steer the economies around the world out of Depression. Lastly, Bernanke recaps several lessons to learn from the Recession and the Financial Crisis - involving the major role of the financial systems to macro economies, creative policies responses, and international cooperation.

1 comment:

  1. The Fed has recognized that only an increase in money supply is not good enough for the current economy. There needs to be focus on economic growth so that can eventually lead to a decrease in the high level of unemployment.

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