Is new Fed chief Bernard Bernanke an inflation hawk or a dove? The Street ornithologists will likely see whatever feathers suit their preconceptions, as they did with Bernanke’s predecessor, Alan Greenspan.
Is new Fed chief Bernard Bernanke an inflation hawk or a dove? The Street ornithologists will likely see whatever feathers suit their preconceptions, as they did with Bernanke’s predecessor, Alan Greenspan. Greenspan left the Fed in February. His name remained bright even as he gave ever more convoluted explanations of why he was in fact doing the opposite of what he was implying. In reality he has reduced interest rates and supported the administration’s deficit spending
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