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5 days ago · The Federal Reserve’s Promised Land. ‘We will not allow inflation to rise above two percent or less,’ Ben Bernanke burbled, declaring a confidence level of ‘one hundred percent.’. Current and former Federal Reserve chairmen, Jerome Powell, left, and Ben Bernanke, right, on May 19, 2023 at Washington, DC. Win McNamee/Getty Images.
2 days ago · The FOMC began publishing the dots in 2012, when Ben Bernanke was the Fed chair. It probably was not the original purpose, but the median point of projections (see Exhibit 1) is seen more and more in markets as forward guidance for the pace of policy rates, without considering the considerable uncertainty around these projections.
2 days ago · Paul Samuelson and Ben Bernanke on Government Finance In a very interesting interview in a documentary produced by Mark Blaug on J. M. Keynes, Nobel winner Paul Samuelson explained: I think there is an element of truth in the view that the superstition that the budget must be balanced at all times [is necessary].
4 days ago · That was in January 2012 under Chairman Ben Bernanke. As justification, Mr. Bernanke noted that a zero inflation rate would mean nominal interest rates at very low levels, which would give the Fed less room to cut interest rates to boost employment during an economic downturn.
3 days ago · Asked about the review of the BOE’s forecasting practices being conducted by former US Federal Reserve chair Ben Bernanke, Mann suggested that the bank would not adopt the “dot plot” used by ...
12 hours ago · Ben Bernanke’s big bet “Ben Bernanke referred to himself as a ‘Great Depression buff’” Bernanke was an expert on the US economy during the Great Depression, referring to himself as a “Great Depression buff in the same way some people are Civil War buffs”.