The mess that Bernanke is making worse | The Daily Gold
Substitute forecast inflation for actual inflation, and the personal consumption expenditures price index for the consumer price index, and — voila! — monetary policy looks far less accommodating, Bernanke said. …. a trivial issue for most matters, it is very important when decades of economic theory are being questioned as never before and the future of the global economy hinges on whether or not low interest rates played a key role in the 2008 financial market crash. …
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