Fed PolicyMortgage

Former Fed chairman not to blame for Fed discord

After a survey of the Federal Reserve workforce, the Huffington post blamed former Federal Reserve Chairman Alan Greenspan for all the tension and lack of trust between regulators. However, John Carney scoffs at this notion, citing it as too far-fetched. Per CNBC:

Hilariously, the report blames Alan Greenspan and the culture of deregulation. Greenspan left the Federal Reserve in 2006. I'd hazard a guess that a great many of the Fed's policy employees never worked under Greenspan. Ben Bernanke took the helm in 2006. After seven years, you don't really get to keep blaming your predecessor.

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