The sluggishness in the jobs market is neither a fiscal responsibility nor a monetary responsibility of the Federal Reserve, rather it’s about responsibility in the short run versus responsibility in the long run, says Edward Lazear, former economic adviser to President George W. Bush and a professor at the Stanford University. The best policies to grow jobs are not the …
Will Bernanke Keep His Cards Close To His Chest?
Federal Reserve Chairman Ben Bernanke is unlikely to disclose his strategy going forward when he attends the annual economic policy symposium in Jackson Hole in September, says Randall Kroszner, former Federal Reserve governor and a professor of economics at the Booth School of Business at the University of Chicago. Back in 2010, Bernanke had disclosed his strategy, because he was …