Faculty News

Professor William Silber on the impact of dissent within the Federal Reserve

wall street journal logo
Excerpt from The Wall Street Journal -- "When a Fed chairman doesn't command strong majorities, it undermines his voice domestically and globally and creates uncertainty about policy, said William Silber, who documented those episodes in the Volcker biography, 'Volcker: The Triumph of Persistence.' 'Disagreement is healthy,' Mr. Silber said. 'Uncertainty is universally bad. It raises the cost of everything.'"

Read more