Also, his efforts to lower inflation created a deep recession. I donât think itâs suitable to judge âthe best chairmanâ by an inflationary measure alone (Iâm assuming some here are doing so simply because it applies to the economy today), as his contractionary monetary policy did have repercussions. Further, I donât think Ben Bernanke is hopeless. Of course I am a bit biased from studying his many academic contributions to monetary policy. Time will tell his role as the chair.
William McChesney Martin, Jr. 1951-1970 Established the Fed as independent and built its worldwide reputation
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Volker would sit in Congressional hearings smoking a massive cigar and tell the the committee assholes how the world was gonna be.... we need him now more than ever....
you guys see blabbermouth greenspan say today that his policies had nothing to do with the housing bubble can you believe it greenspan = the biggest political hack the USA has ever seen