Federal Reserve Bank Presidents as Public Intellectuals
研究了1970-80年代三位联邦储备银行行长如何扮演公共知识分子角色，在FOMC内部反映地区经济关切，同时向公众解释经济状况，并挑战美联储内部的经济思维现状。
In this essay, we focus on three district Federal Reserve Bank presidents who took on the role of public intellectual in the 1970s and early 1980s. They reflected their districts’ economic concerns, presenting them and their own views at the Federal Open Market Committee (FOMC) while expressing both in public pronouncements in speeches and in print. Despite possible dissonance, the presidents were able to integrate information emerging from their district constituents with the overall state of the national economy in their input to the FOMC, while explaining the economic situation—in the framework of their economic worldviews—to the public at large, that is to say, both communicating their views externally and disturbing the internal status quo of economic thinking at the Federal Reserve.