What did Bernanke say?

According to this editorial published Wednesday 7 June, Federal Reserve chairman Ben Bernanke is probably obsessed with central bank transparency.

It says that the irony of this fact is that Mr Bernanke had the misfortune of having his views misinterpreted by the markets at the beginning of his term as chairman.

Our view is that the markets deluded themselves into believing that Mr. Bernanke, in his April 27 testimony before the Joint Economic Committee, had effectively guaranteed a pause in mo

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