But these reforms went in precisely the opposite direction from today's proposed changes: fewer limits on policy makers' discretion, more power to the Board, and a larger role for the New York Fed, all to enable the Federal Reserve System to react more quickly and robustly in a crisis. It is far from clear, in other words, that the right response to the latest crisis is an abrupt about-face.
美联储如此失职，无怪乎此后的改革如此深远。但这些改革与今天的计划变革恰好相反：减少对政策制定者自由裁量权的限制、增加美联储理事会的权力、给予纽约联储银行更大的角色，所有这些都是为了让美联储能在危机中更快更强地采取行动。换句话说，对于最新危机的正确反应是否是猛然向后转还远未可知。