Truthmatters
Diamond Member
- May 10, 2007
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http://www.nytimes.com/2011/09/18/sunday-review/the-facts-on-the-fed.html?_r=1&partner=rss&emc=rss
This chart ranks the six Fed chairmen of the past 60 years on the two issues in its dual mandate: inflation and unemployment. Under Mr. Bernanke, inflation has been lower than under any other Fed chairman in the past 40 years — and lower than in the five years before he took over. Unemployment has been well above average and has risen sharply.
The candidates would say that Mr. Bernanke’s actions have set the stage for future inflation. Maybe so. But there is a long way to go before he sets any records.
This chart ranks the six Fed chairmen of the past 60 years on the two issues in its dual mandate: inflation and unemployment. Under Mr. Bernanke, inflation has been lower than under any other Fed chairman in the past 40 years — and lower than in the five years before he took over. Unemployment has been well above average and has risen sharply.
The candidates would say that Mr. Bernanke’s actions have set the stage for future inflation. Maybe so. But there is a long way to go before he sets any records.