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Fed Adopts Washington Tactics to Combat Critics.

Authors :
CHAN, SEWELL
Bowley, Graham
Source :
New York Times. 11/23/2010, Vol. 160 Issue 55233, p1. 0p.
Publication Year :
2010

Abstract

WASHINGTON -- Faced with unusually sharp ideological attacks after its latest bid to stimulate the economy, the Federal Reserve now faces a challenge far removed from the conduct of monetary policy: how to defend itself in a hyperpartisan environment without becoming overtly political. Caught off guard by accusations from Congressional Republicans, Sarah Palin, Tea Party activists and conservative economists, the central bank and its chairman, Ben S. Bernanke, are pushing back, making their case on substantive grounds but also haltingly adopting the tactics of Washington battle, like strategically placed interviews, behind-the-scenes assuaging of opponents and reaching out to potential allies on Capitol Hill. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
03624331
Volume :
160
Issue :
55233
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
55314304