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Fed can't get caught up in inequality debate: Bernanke

Stimulus impact is "complex and uncertain", and most likely small

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"Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear," says Mr Bernanke.

New York

BEN Bernanke, the former Federal Reserve chairman, has given short shrift to those who doubt the economic impact of his bond-buying campaigns in helping to bring the US economy out of the Great Recession.

Last year he wrote off various academic studies that have struggled

sentifi.com

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