Interview: Donald Kohn

Blair Baker talked to Donald Kohn on 9 July about his career at the Federal Reserve, monetary policy, the crisis and the future of financial regulation.

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Central Banking Journal conducted this interview with Donald Kohn, the vice chairman of the Federal Reserve, on 9 July 2010 at the Washington, DC headquarters of the Board of Governors of the Federal Reserve System.

Central Banking (CB): What has been the greatest evolution in central banking during your 40 years at the Fed?

Donald Kohn (DK): I would emphasise two aspects. One is the experience in the 1970s that led central banks to begin putting much more emphasis on controlling inflation. We

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