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How the Fed Works: Implementing Monetary Policy

Brad DeLong posts, in its entirety, a speech by Ben S. Bernanke explaining precisely how the Federal Reserve Board actually implements its policies. It’s an interesting read and as non-technical as something this abstruse is likely to get.

via Megan McArdle

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About James Joyner
James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. Follow James on Twitter.