Bernanke Is Right and Wrong About Interest Rates

Former Fed chairman defends his policies in blog posts
Bernanke Is Right and Wrong About Interest Rates
Federal Reserve Board Chairman Ben Bernanke sits during a session at the Brookings Institution January 16, 2014 in Washington, DC. Alex Wong/Getty Images
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Former Fed Chairman Ben Bernanke is a controversial figure at home and abroad. He recently tried to dispel some of that controversy by blogging for the Brookings Institution. He has met with limited success.

Most people don’t like the Fed, or Bernanke, because interest rates were kept artificially low, reducing the income potential of people dependent on interest income, such as retirees.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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