Bernanke says Fed acted too slowly on inflation

Ben Bernanke
Ben Bernanke
Photo: US Fed/Wikimedia Commons

Former US Federal Reserve chair Ben Bernanke offered rare criticism of the country’s central bank on May 16, saying policy-makers acted too slowly to curb inflation.

“Forward guidance, I think, overall, on the margin slowed the response of the Fed to the inflation problem last year,” said Bernanke. “In retrospect, yes, it was a mistake.”

Fed officials recently sought to defend their actions by arguing that forward guidance had helped generate an early response to inflation.

Governor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: