Janet Yellen and the Bernanke Fed
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Publication Date:
November 25, 2013
Source:
Harvard Business School
The unelected Federal Reserve Chairman exerts exceptional influence over the U.S., in fact global, economy. As Janet Yellen prepared to take over the position, she would look back on Chairman Bernanke’s tenure during the Great Recession. During that time, Bernanke was attacked by critics from both the left and the right for guiding monetary policy into dangerous territory. Their criticisms echoed arguments Bernanke himself had made with regard to past downturns in Japan and Europe. Were the critics right, or was the Bernanke Fed charting a wise middle course? Instructors may also obtain a Teaching Note, written by this case’s author, that provides suggestions for using this case effectively in the classroom.
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Janet Yellen and the Bernanke Fed
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