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Bernanke Tosses Out His Rule Book

As Wall Streets meltdown accelerates, the Fed chief adapts on the fly

By Jim O'Neill, Newser User

Posted Mar 16, 2008 9:19 AM CDT

(Newser) – With a recession and worsening meltdown on Wall Street looming, Fed chief Ben Bernanke has dumped textbook central bank economic policy, reports the New York Times. Last week's bailout of Bear Stearns, for example, seemed to fly in the face of his previous reluctance to... Read full story »

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Bernanke Tosses Out His Rule Book

As Wall Streets meltdown accelerates, the Fed chief adapts on the fly

Ben Bernanke • Wall Street • Federal Reserve • Bear Stearns • recession • credit market • interest rate • financial crisis

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