July 30, 2009
In the
past weeks, Federal Reserve Chief Ben Bernanke has taken the prior
reputation of his office as high priest of history's mightiest
central bank—august, oracular, mysterious—and devalued it as surely
as his bank has devalued the dollar over the past century. He's
fighting hard to make sure he gets reappointed as Fed boss in
January. But, writes Senior Editor Brian Doherty, given all the
problems that the Fed and the economy are facing, it's hard to see
why he's even bothering.
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