In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
Paul Solman: In preparation for our NewsHour event with Ben Bernanke in Kansas City last night, we interviewed a variety of former Fed officials to discuss the past, present, and future of the central bank.
Two especially intriguing interviewees were with former Fed vice chairs: Alan Blinder, now back at Princeton and recently mentioned as a possible future Fed chairman, and Alice Rivlin, Bill Clinton's director of OMB and now with the Brookings Institution and Georgetown University.
This week on the Business Desk, we're featuring provocative excerpts from the interviews -- one-a-day Fed vitamins, if you like. Which we hope you do.
On tap for today: Alice Rivlin on Wall Street's perfect storm of 2008 and what it means for the Federal Reserve.