;#Faculty News;# | New York Times | 16
Under Attack, Fed Officials Defend Buying of Bonds
Re: Kenneth A. Froot
Kenneth A. Froot, who teaches international finance at Harvard Business School, said, "The Fed needs to get the word out more clearly" because of the politically volatile times. Mr. Froot added, "This is a very rare circumstance where the basic authority we vest in institutions like the Fed has, more than ever, been challenged," by politicians and economists who are often identified with political parties.