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The Region

Banking and Policy Issues Magazine

June 2004

Top of the Ninth
Minneapolis Fed President Gary Stern speaks to the concepts of resilience, flexibility and productivity in “Prospects for Economic Expansion.”
Photo Ben Bernanke

Interview with Ben S. Bernanke
Federal Reserve governor and noted macroeconomist on inflation targeting, asset bubbles, the Great Depression and other topics.

Payments Evolution or Revolution?
Minneapolis Fed First Vice President James Lyon reviews trends in the payments system.

The Veil of Discretion: Does the Fed Have Too Much Freedom?
A new look at how much discretion the Fed should have in setting monetary policy.

Banking Regulation: The Focus Returns to the Consumer
A renewed emphasis on consumer protection while maintaining safety and soundness.

Income Inequality: Not a Government Issue
Winning entry in the Minneapolis Fed's annual student essay contest.

Book Reviews
Problems of Plenty: The American Farmer in the Twentieth Century
The Curse of American Agricultural Abundance: A Sustainable Solution
Children of the Western Plains: The Nineteenth-Century Experience

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