Price target will settle expectations: Bernanke

The Federal Reserve's ushering in of an implicit inflation target should lead to more stable price expectations, the head of the central bank has said.

Ben Bernanke, the Fed chairman, told senators on Tuesday that the Federal Open Market Committee's (FOMC) recent extension of its projections to cover "longer-run" inflation - which in effect outlines American rate-setters' target range - would soothe market sentiment on price stability.

"Increased clarity about the FOMC's views regarding longe

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: