Center for American
Progress

Back to this item

The Bernanke Bind Is Getting Tougher to Sustain

Federal Reserve Chairman Ben Bernanke's testimony last week before Congress, scolding the market for believing the central bank had dropped its inflation bias, highlighted the tightrope on which the Fed chief is tiptoeing. With each communication comes the delicate balancing act of not seeming to underestimate the potential economic risks of the current housing market plunge, while also making skeptical investors think the Fed is tough on inflation. Call it the Bernanke Bind. Read more here.

This article was originally published in Bloomberg.com.

To speak with our experts on this topic, please contact:

Print: Suzi Emmerling (foreign policy and security, energy, education, immigration)
202.481.8224 or semmerling@americanprogress.org

Print: Jason Rahlan (health care, economy, civil rights, poverty)
202.481.8132 or jrahlan@americanprogress.org

Radio: John Neurohr
202.481.8182 or jneurohr@americanprogress.org

TV: Andrea Purse
202.741.6250 or apurse@americanprogress.org

Web: Erin Lindsay
202.741.6397 or elindsay@americanprogress.org