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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: November 16, 2006

For immediate release

Statement by Federal Reserve Chairman Ben S. Bernanke:

"Among economic scholars, Milton Friedman had no peer. The direct and indirect influences of his thinking on contemporary monetary economics would be difficult to overstate. Just as important, in his humane and engaging way, Milton conveyed to millions an understanding of the economic benefits of free, competitive markets, as well as the close connection that economic freedoms bear to other types of liberty. He will be sorely missed."

 
Last update: November 16, 2006