Ben Bernanke
Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in... [more]
Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in other roles before taking the chair.
Fed chief still doesn't get it
Ben Bernanke's tough talk on inflation suggests the economy may be improving. He's wrong, and his comments will backfire.
By Bill Fleckenstein"Helicopter" Ben Bernanke made a big splash last week when speaking before the Boston Fed. He opined that the risk of a "substantial slowdown" had diminished, and he talked tough about controlling inflation and inflation expectations. I suspect he will regret his comments.
After all, they were voiced by the same Federal Reserve chairman who was remarkably sanguine last summer and fall as the mortgage debacle was building a head of steam.
Bernanke has given sellers a green light to get out of stocks. He will not be able to ride to the rescue of the bulls until much more damage has been inflicted on stocks and the economy.
He understood neither the housing/credit bubble nor the ramifications of its unwinding. Now, he appears to believe the economy may be improving -- when to me it seems obvious that the economy is in a recession and will only get worse. READ MORE
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