The recovery from the deep global recession has proven disappointingly sluggish, especially in the United States and in many other industrialized economies. The necessity for balance sheet repair across the world, the beginnings of the correction of fiscal imbalances, and slowdowns in global growth have interacted with heightened uncertainty about fiscal and regulatory plans in the U.S. to hold back spending and hiring and the result has been a slow slog from a deep hole. An esteemed economic leader who has worked side by side with Paul Volcker, Alan Greenspan and Ben Bernanke, Donald Kohn brings his experience in monetary policy to explaining the actions of the Federal Reserve and he offers clear insight on the necessary deployment of monetary, fiscal and regulatory policies in correcting the economic excesses of the past and building a more prosperous future.
Donald Kohn, named today as a potential nominee for the Federal Reserve chairmanship, is a policy pragmatist who helped Chairman Ben S. Bernanke ...
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