Today Former Fed Chairman Ben Bernanke started a blog here: http://www.brookings.edu/blogs/ben-bernanke. Why now?
Here is an excerpt from Chairman Bernake’s blog explaining why:
On January 31, 2014, I left the chairmanship of the Fed in the capable hands of Janet Yellen. Now that I’m a civilian again, I can once more comment on economic and financial issues without my words being put under the microscope by Fed watchers. I look forward to doing that—periodically, when the spirit moves me—in this blog. I hope to educate, and I hope to learn something as well. Needless to say, my opinions are my own and do not necessarily reflect the views of my former colleagues at the Fed.
His first article: ‘Why are interest rates so low?‘ does and excellent job explaining why the Fed is keeping rates so low. A factor called the ‘equilibrium real interest rate’ is a factor that the fed uses to assist in balancing inflation and employment rates. He also explains why keeping interest rates so low is not throwing seniors under the bus. An excellent read.
I will be looking out for Chairman Bernanke’s future blog posts.