Ben Bernanke is not a fan of student debt forgiveness, tells NYT the Fed should have fought inflation a while ago, sees stagflation ahead

[basquebromance]

It would be very unfair to eliminate. Many of the people who have large amounts of student debt are professionals who are going to make $$$...Why would we be favoring them over somebody who didn’t go to college?

Ben Bernanke Sees ‘Stagflation’ Ahead

The former chairman of the Federal Reserve has a new book out on Tuesday explaining the powers of the Fed and Congress to juice or slow our economy amid a supply-chain crunch and sky-high demand.

www.nytimes.com

 

[Mac1958]

Definitely possible. The question is whether the Fed can kill inflation before it kills the economy. That's a real tightrope.

50/50.

 

[whitehall]

Consider forgiving my car loan debit and then we will talk and then we will talk about the spoiled generation.

 

[pknopp]

Slow to respond to inflation......inflation he helped create.

Why anyone cares what these past failures think about anything is beyond me.