Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - 2008
off-the-record
remark made in April 2006 by Fed Chairman Ben Bernanke, stating that his recent
Congressional testimony … rates becomes the
essence of monetary policy (Ben S. Bernanke, Vincent Reinhart and Brian Sack 2004; Gauti
Eggertsson and … had been misinterpreted, was reported, markets reacted strongly—
as investors concluded that Bernanke was “reversing …