Comment: Fed debate continues

Janet Yellen, president of the San Francisco Fed, on Thursday 20 January came out in strong support of incoming chairman Ben Bernanke's suggestion that the Fed should adopt fully-fledged inflation targetting.

COMMENT BY CENTRALBANKNEWS

"I'm sympathetic to the idea of a quantitative objective for price stability, as I agree that it enhances both Fed transparency and accountability", Yellen said at a conference.

Yellen argued that departing chairman Alan Greenspan and Bernanke differed on their

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