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In Book, Bernanke Pins Weak Recovery on Congress
ongress is largely responsible for the incomplete recovery from the 2008 financial crisis, Ben S. Bernanke, the former Federal Reserve chairman, writes in a memoir published on Monday. Mr. Bernanke, who left the Fed in January 2014 after eight years as chairman, says the Fed’s response to the crisis was bold and effective but insufficient. “I often said that monetary policy was not a panacea — we needed Congress to do its part,” he says. “After the crisis calmed, that help was not forthcoming.” Mr. Bernanke’s memoir, “The Courage to Act: A Memoir of a Crisis and Its Aftermath,” is mostly an account ... (full story)
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