The curtain of central bank leading gradually falls, and the Ministry of Finance begins to come to the front

Primer

The year 2008 can be said to be the first year for central banks, especially the Federal Reserve, to dominate the global market.

Before that, the Federal Reserve was closed and mysterious. At the beginning of the Greenspan era, not to mention the press conference, even the change of interest rate policy was not announced, which was known only by the follow-up performance of the market; Greenspan initially inherited the practice of former chairman Paul Volcker and rarely appeared in public. Later, in 1999, Greenspan increased the frequency of press conferences to eight times a year after each interest rate resolution meeting. However, before 2008, the market's attention and research on the Federal Reserve was still a "niche". Even many people in the market could not figure out who the chairman of the Federal Reserve was. Greenspan had been the chairman of the Federal Reserve for nearly 20 years. After the chairman was replaced by Bernanke, many people still thought that Greenspan was the chairman.