US Federal Reserve Chairman Ben Bernanke's aggressive response to the 2008 financial crisis has been both praised and scorned. As Bernanke's term nears its end and the race to succeed him heats up, Project Syndicate's experts consider the future of Fed policy – and what it means for the global recovery.
Dec 23, 2013 endorses the recent selection of Stanley Fischer to succeed Janet Yellin as Vice Chair of the Federal Reserve Board.
Oct 10, 2013 on the Federal Reserve's declining effectiveness.
Aug 31, 2013 thinks the Fed should be a steward of the economy, not of big banks.
Aug 28, 2013 on the sources of upward pressure on us interest rates.
Aug 27, 2013 on the power of the Chairman of the Federal Reserve.
Aug 5, 2013 endorses Janet Yellen to head the US Federal Reserve.
The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light.
