Joseph Brusuelas June 10, 2008 ‘The road to hell is paved with good intentions’ is a proverb coined centuries ago, but today’s Federal Reserve (Fed) should take note when it does its own coining. Fed Chairman Ben Bernanke is in a tough spot; despite his best efforts...
Federal Reserve Chairman Ben Bernanke put the U.S. dollar squarely on the Fed’s radar screen, saying its slide against other currencies has led to an “unwelcome” rise in U.S. inflation and may be a factor in inflation expectations. Mr. Bernanke also...