Fed's Bernanke: What have we learned since 1979?

In the speech 'Panel discussion: What Have We Learned Since October 1979?' given on 8 October, Ben Bernanke of the Federal Reserve said by doing what was necessary to achieve price stability, the Volcker Fed laid the groundwork for two decades, so far, of strong economic performance.

Central bankers and government officials have learned from the experience of former Federal Reserve chief Paul Volcker that keeping inflation low and stable pays "very substantial economic benefits," said Fed board

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