The Bernanke Inflation Record Revisited

If the cigarettes don’t kill you the interest rate will


Image by Neil. Moralee
One of the Bank of England’s two core purposes is monetary stability. Monetary stability means stable prices – low inflation – and confidence in the currency. Stable prices are defined by the Government’s inflation target, which the Bank seeks to meet through the decisions taken by the Monetary Policy Committee.

To me,the only stable thing seems be that everything just gets more and more expensive.

The Bernanke Inflation Record Revisited
The Bernanke Fed has interpreted its mandate for price stability as a call for a 2 percent inflation target. Fearing deflation, the tolerable lower bound for inflation at the Bernanke Fed has been about 0.6 percent, as the Fed initiated a $ 600 billion …
Read more on Yahoo! Finance (blog)

Great, and not so great, inflation expectations in Japan
To be sure, the importance of setting a 2 per cent inflation target on Mr Abe's initiative should not be understated. But a higher inflation target alone is not enough to achieve actual results. To be successful, it must also be associated with …
Read more on FT Alphaville

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