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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James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.