Hassle Ben Bernanke!

It?s just not Democrats on the Hill who are ignoring the truly critical matter of Fed policies. As the annual Netroots Nation conference this weekend in Providence, R.I., attendees were all-too-aware that the weak economy is the biggest short-term threat to their larger political project. At the same time, they remained woefully uninterested in the subject of monetary policy, the main tool the government can use to boost the labor market. Instead, the economic policy discussion among progressives remains fixated on the politically impossible and substantively inadequate concept of fiscal stimulus. A Saturday-morning high-profile economic policy roundtable featuring Paul Krugman, AFL-CIO chairman Richard Trumka, and progressive think tankers Heather McGhee and Erica Payne drove this blind-spot home. The Federal Reserve was discussed only glancingly, and even that segment myopically focused on Dimon?s New York Federal Reserve role.

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