Fed can't get caught up in inequality debate: Bernanke
Stimulus impact is "complex and uncertain", and most likely small
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 to find evidence of clear benefits by joking: "It works in practice but it doesn't work in theory."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover