Federal Reserve Board Chairman Ben Bernanke spoke Friday at the Fourth ECB Central Banking Conference in Frankfurt, Germany on "Monetary Aggregates and Monetary Policy at the Federal Reserve: A Historical Perspective." See this article in the Houston Chronicle for a discussion of his speech.
Not sure about the meaning of some of the monetary terms used in the article? Interested in learning more about money supply and the operation of the Federal Reserve? Check out FED101 on the Federal Reserve education site. For definitions of the monetary terms used in the speech, Wikipedia's article on money supply is also very helpful.
