11.24.2014 - By Foreign Affairs
Did U.S. Federal Reserve Chair Ben Bernanke cause the Ukraine crisis? "You can certainly say that Bernanke was at least the butterfly wings that precipitated the crisis," argues Benn Steil, senior fellow at the Council on Foreign Relations and the author of "Taper Trouble" in the July/August 2014 edition of Foreign Affairs. "I would argue that if the Fed had remained dovish, say for another six months or so, it is possible that Ukraine could have gotten over this hump and Yanukovych would still be in power today."
Steil recently sat down with Foreign Affairs Editor Gideon Rose for a wide-ranging conversation on the international consequences of Fed policy.
Original video interview published on ForeignAffairs.com on August 2, 2014.