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57
Why was their a power struggle between the NY Fed branch and the Fed board of directors? Who was Benjamin Strong?
The NY branch was protesting for expansionary monetary policy while the Board refused.
Benjamin Strong was the former president of the NY Fed and preached expansionary policy, but died in 1928.
Benjamin Strong was the former president of the NY Fed and preached expansionary policy, but died in 1928.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010