Photo: Federal Reserve
Ben Bernanke gave a speech today in front of students from George Washington University’s School of Business as part of a four-part lecture series explaining the role of the Federal Reserve in the financial crisis.Today’s lecture focused on central banking and the origins of the Fed—where it came from, what purpose it serves, and how it grew to be the institution it is.
Check out his full lecture, which serves as both an introduction to central banking and a template upon which today’s Fed bases all of its decisions. We’ll be back next week with coverage of his second presentation.
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