Bernanke reshapes Fed in his image

02/27/2008 | Bloomberg11

Federal Reserve Chairman Ben Bernanke has introduced some of the discipline of inflation-targeting central banks in Britain and Sweden. He has demonstrated a focus on medium-term goals while flooding the banking system with short-term cash in a pinch. Bernanke has also persuaded fellow members of the Federal Open Market Committee to publish their projections four times a year instead of two, and stretch out to a third year.

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