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The Fed's slow response to inflation was a mistake, says ex-chair Ben Bernanke
By Nicole Goodkind
Bernanke’s Economic Warning
By Anna Schaverien, Andrew Ross Sorkin & Lauren Hirsch
Bernanke says the Fed's slow response to inflation 'was a mistake'
By Jeff Cox
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Formerly TwitterHeather Long
byHeatherLong
Fed Chair Powell summary today:
1) A rate hike is very unlikely
2) His base case is to cut rates later this year, but it’s not a given
3) No sign of stagflation
4) 3% inflation is not acceptable
#Fed #economy pic.twitter.com/s6UwoWoSuz
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Heather Long
byHeatherLong
“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation
He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT
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Mohamed A. El-Erian
elerianm
Asked about the level of inflation, Federal Reserve Chair Powell responds "3% cannot be in a sentence with satisfactory."
What if 3% turns out to be closer to the equilibrium inflation rate for a US economy (i) going through major structural changes, several of which are…
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Mohamed A. El-Erian
elerianm
Here's the link to the #FederalReserve policy statement.
What I found notable relative to my expectation:
A stronger characterization of the economy.
A larger reduction in the pace of balance sheet reduction.
No hint of why the progress on inflation in the last three months…
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Ben Bernanke Sees ‘Stagflation’ Ahead
By Andrew Ross Sorkin