Tweets

  1. Constitution envisioned giving the president power to respond quickly to a military attack, not a financial meltdown, Bernanke observes.

  2. On stabilizing role of POTUS during crisis: BB gives GWB a lot of credit for supporting fed & TARP, which must have been hard

  3. Bernanke: our basic approach has been to rely on supervision, regulation to address financial instability concerns

  4. Bernanke event says Fed has all the tools it needs to manage monetary policy, avoid risks of undue inflation

  5. . We could all tweet different lines, but coordination a bit of a challenge.

  6. Forward guidance is not a new idea. The fed was trying to build on what others have done.

  7. Bernanke on bond-buying: “The problem with QE is that it works in practice but it doesn’t work in theory.”

  8. On populist reactions for/against fed actions, Bernanke notes the Fed was created to independently address financial panics.

  9. BB: Interventions of big firms got most attention, but much more of the work was under the radar, stabilizing the system

  10. Ahamed: Did you have any sleepless nights? Bernanke: "Sure. Absolutely."

  11. Bernanke: All the crisis-response we did fit in Bagehot framework. Different institutional structure, same basic rules.

  12. Is there a "Bernanke dictum" for when the Fed should intervene asks Ahamed

  13. Rogoff's biggest disappointment in response to the crisis has been the lack of structural reforms.

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