Economists expected lower inflation under Yellen than Bernanke, SNB paper finds

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Lower inflation was expected under Janet Yellen's leadership of the Federal Reserve compared to the hypothetical scenario of Ben Bernanke staying on as Fed chair, a Swiss National Bank (SNB) working paper finds.

Nikola Mirkov and Andreas Steinhauer, in Ben Bernanke vs. Janet Yellen: exploring the (a)symmetry of individual and aggregate inflation expectations, surveyed 184 economists at the beginning of 2014 to reveal their inflation expectations, conditional on whether Yellen or Bernanke were

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