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

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.