Hawkesby leads, while Bernanke mulls inflation targeting
Former Federal Reserve chair admits to a private RBNZ conference today that inflation targeting does not prevent policy mistakes or guarantee low inflation.
Ben Bernanke is in Wellington for an RBNZ conference.
Former Federal Reserve chair Ben Bernanke admits inflation targeting does not prevent policy mistakes or even guarantee low and stable inflation.
But he told a private RBNZ conference in Wellington today that it is an important policy framework and communications strategy that prevents short-sighted
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