- Former Fed Chairman Ben Bernanke said the central bank erred in waiting to address inflation.
- “One of the reasons was that they wanted not to shock the market,” he told CNBC’s Andrew Ross Sorkin.
- Bernanke spoke a day ahead of his latest book release, which addresses Fed policy moves during the 21st century.
Former Federal Reserve Chairman Ben Bernanke said the central bank erred in waiting to address an inflation problem that has turned into the worst episode since the early 1980s.
Bernanke, who guided the Fed through the financial crisis that exploded in 2008 and presided over unprecedented monetary policy expansion, told CNBC that the issue of when action should have been taken to tame inflation is “complicated.”
“The question is why did they delay that. … Why did they delay their response? I think in retrospect, yes, it was a mistake,” he told CNBC’s Andrew Ross Sorkin in an interview that aired during Monday’s “Squawk Box” show. “And I think they agree it was a mistake.”
www.cnbc.com/2022/05/16/bernanke-says-the-feds-slow-response-to-inflation-was-a-mistake.html
Trending:
- DIESELGEDDON – America’s diesel supply on verge of catastrophic collapse, leading to HALTING of food, fertilizer, coal and energy
- Bidenflation Still Soaring, But Metals Dive -15% Since May 4th (Food UP 61.5% Under Biden, Gasoline UP 86%, Diesel UP 111%, Rents UP 16%)
- The NOPEC Bill Could Send Oil Prices To $300…HERE WE GO!
- Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future
- Crypto losses now equal $1.7 trillion. The 2007 subprime mortgage market was $1.3 trillion. It’s highly likely that Crypto will be the catalyst for accelerated global collapse.
- AI cameras being deployed across the United States
- A Bizarre Skin Disease Is Mysteriously Spreading In The UK
- Kim Dotcom – What is the end game?
- Sudden rise of unvaccinated children with liver damage, were breastfed (by fully vaccinated mothers)
-
See also More wage inflation coming… It’s gonna all blow up soon?
Views: 5