Ben Bernanke reshapes the Fed’s place

Federal Reserve Board chair Ben Bernanke is bursting through longstanding boundaries between the Fed and the federal government, some which could fundamentally change the Fed’s place in the American economy. Is this a good thing for the independent Fed? Guest: Roger Lowenstein, author of the bestselling ?Buffett: The Making of an American Capitalist? and ?While America Aged: How Pension Debts ruined General Motors, Stopped the NYC subways, Bankrupted San Diego, and Loom as the Next Financial Crisis.? Lowenstein reported for the Wall Street Journal for more than a decade. He also wrote a January New York Times cover story on Ben Bernanke.