Bernanke says Fed acted too slowly on inflation


Former US Federal Reserve chair Ben Bernanke offered rare criticism of the country’s central bank on May 16, saying policy-makers acted too slowly to curb inflation.

“Forward guidance, I think, overall, on the margin slowed the response of the Fed to the inflation problem last year,” said Bernanke. “In retrospect, yes, it was a mistake.”

Fed officials recently sought to defend their actions by arguing that forward guidance had helped generate an early response to inflation.

Governor

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!