Mises Daily
Author:
Frank Shostak
Online Publish Date:
reason for the panicky move by Fed Chairman Bernanke was big falls in world stock markets. On Monday, January 21, the FTSE100 was down 17.1% from its peak on June 15, the central bank to the turmoil in financial markets and in particular the stock market. In his article in Foreign Policy (FP) magazine in October 2000, he argued, points and 1 ½ percentage points. The Fed chairman holds that it was the failure of the US central bank during the 1930s to counter financial market shocks