Bernanke Wields New Tools for Jobs as Fed Enters Unmapped Ground

Bernanke Wields New Tools for Jobs as Fed Enters Unmapped Ground

Andrew Harrer/Bloomberg

The actions on the eve of the Fed’s centenary year underscore Bernanke’s hallmark commitment to experimentation and forceful action, derived in part from his research showing too little monetary stimulus produced large economic costs for the U.S. in the 1930s and for Japan in the 1990s.