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Replace - USA - For New Fed Head Bernanke, Inflation Is Key
Pennsylvania,USA -Knowledge/The Wharton Cool, U.Penn -3Nov 2005: -- Ben S. Bernanke is a superb choice to replace Alan Greenspan as chairman of the Federal Reserve, but he will have to demonstrate to financial markets that he is as much an anti-inflation hawk as his predecessor, according to Wharton finance professors and private-sector economists... These observers also say that Bernanke will speak more plainly in explaining Fed actions than Greenspan, whose cryptic, oracular comments became his trademark... Finally, Bernanke is likely to establish and publicly disclose the Fed's specific target, or target range, for the inflation rate -- a policy that Greenspan eschewed but one that is becoming more common among central bankers worldwide...
posted by Unknown @ 6:06 PM
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