The Myth of the Omnipotent Central Banker

Author
Adam S. Posen
Content Type
Journal Article
Journal
Foreign Affairs
Volume
92
Issue Number
4
Publication Date
July/August 2013
Institution
Council on Foreign Relations
Abstract
Central bankers have always carried a mystique far beyond justification, whether they are cast as malicious, incomprehensible, or all-powerful. Neil Irwin's new book on monetary policy during the financial crisis should dispel these myths once and for all.