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Ex Fed Chair Ben Bernanke: Recent Price Surge May Affect Central Banks Inflation Control
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High inflation could make it harder for central banks to control prices in the future, as a surge in inflation post-COVID-19 will affect people's behavior, Former Fed Chairman Ben Bernanke said. Enterprises may find it less difficult to raise prices, with potentially less consumer resistance. The main lesson to be drawn from the recent inflation experience was that central bank communication should place more emphasis on the possibility that outcomes could differ significantly from the underlying forecasts, and that monetary policy should be adjusted accordingly if reality is different from the forecast, Bernanke added. AAStocks Financial News |
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