Bernanke Needs Bounce in His Tail: Stevenson and Wolfers

March 6 (Bloomberg) -- Federal Reserve Chairman BenBernanke is trying out a new communication strategy that has thepotential to dramatically change the outlook for the economy.The idea: By telling people more about its longer-term plans,the Fed can stimulate the economy even when interest rates areas low as they can go.

Unfortunately, Bernanke’s timid approach could doom thestrategy to failure.