The Fed does not create inflation, says fellow academic and associate Mark Gertler. Sub-theme: So go ahead, buy Treasury bonds. Their value will not be inflated away. Promise.
“The criticism about the Fed being inflationary is not fact-based,” said Mark Gertler, an economics professor at New York University who has co-written research with Bernanke. “In terms of an inflation record, the facts are the Fed has been as close to impeccable as you can possibly get.”
Ref- Bernanke: Economy Shows Critics Wrong About Fed
Let's see if they are chest thumping as 'inflationary 2012' kicks in and matures, with long term yields back up to the 'red arrow' zone. The above is the kind of talk you get when it's nice and comfy for policy makers to tout. All I ask is that you recall last spring and a very different backdrop.
http://www.biiwii.blogspot.com
http://www.biiwii.com
“The criticism about the Fed being inflationary is not fact-based,” said Mark Gertler, an economics professor at New York University who has co-written research with Bernanke. “In terms of an inflation record, the facts are the Fed has been as close to impeccable as you can possibly get.”
Ref- Bernanke: Economy Shows Critics Wrong About Fed
Let's see if they are chest thumping as 'inflationary 2012' kicks in and matures, with long term yields back up to the 'red arrow' zone. The above is the kind of talk you get when it's nice and comfy for policy makers to tout. All I ask is that you recall last spring and a very different backdrop.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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