Characterizing financial coverage as “straightforward” or “tight” might be deceptive and uninformative. The interpretation of financial coverage should embrace not solely modifications in coverage variables, however the ideologies of those that form coverage, as a result of ideology informs the goals of policymakers and their interpretation of knowledge. This may be demonstrated by inspecting the actions of the Federal Reserve beneath Adolph Miller within the Nineteen Twenties and 30s and Ben Bernanke on the time of the 2008 monetary disaster.

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