Henry Kaufman: Role of the FED

Henry Kaufman describes the role of Federal Reserve System in the financial crisis and claims that the role of the FED is to “define and enforce standards of behavior. It should never become a folk hero of the marketplace.”

This Carnegie Council event took place on June 20, 2011. For complete video, audio, and transcript, go to: http://www.carnegiecouncil.org/resources/video/data/000410