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Ben "unlimited " Bernanke didn't expect rates to be at zero for so long

Market Watch have grabbed a few words with the man who handed the torch over to Janet Yellen

  • Rate rise will be a landmark decision given that rates have been at zero since 2008, which was longer than anticipated
  • Fed was over-optimistic about pace of growth in not anticipating the slowdown in productivity
  • Cyclically the economy recovered faster than expected
  • Domestic economy is now sufficient to overcome headwinds from the global economy
  • Heavy selling in markets is not an impediment to hiking rates

He makes an interesting comment on what level of global concerns would halt the Fed hiking;

The Bernanke article is a good read ahead of the FOMC . Obviously Yellen and Bernanke are two different people but they would be looking at the same things when deciding policy, and so it's a small snapshot into the mind of a Fed head

What would Uncle Ben do tomorrow?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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