BERNANKE BOOK OUT TODAY:

Ben Bernanke, former chair of the Federal Reserve during what was — until recently — considered the most precarious financial moment of the past half-century, has a new book out today, “21st Century Monetary Policy: The Federal Reserve From the Great Inflation to COVID-19.” Bernanke describes the book as “academic,” but at this particular moment it may be a uniquely practical book as the public tries to better understand the powers of the Federal Reserve and Congress to juice or slow our economy amid a supply chain crunch and sky-high demand. The former chair’s book itself is an example of the crosscurrents playing out in our economy: “Given supply-chain disruptions, this book took six months to go from final manuscript to appearing in the store,” he said.