Bernanke backs Fed's move to economic thresholds

11/21/2012 | Reuters

Federal Reserve Chairman Ben Bernanke said he supports a proposal that the U.S. central bank announce numerical "thresholds" linking its monetary policies to unemployment and inflation. "It does have the advantage that it would help to distinguish between our anticipation for how the economy is going to evolve, and how we will react to those conditions," he said.

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