What’s on Chairman Bernanke’s Mind?
September 17, 2012 at 10:37 AM EDT
I haven’t seen anyone comment on this odd exchange at the Bernanke press conference: STEVE BECKNER: Steve Beckner of MNI, Mr. Chairman. There have been concerns, raised questions raised by people like Columbia Professor Michael Woodford and others about the credibility of your forward guidance on the path, future path of the federal funds rate. [...]