Fed too slow on inflation and now faces stagflation, says its former chief

May 17, 2022 9:15 AM

ATLANTA (BLOOMBERG) – Former Federal Reserve Chairman Ben Bernanke said the current Fed leaders were too slow to react to surging US inflation and as a result face a period of stagflation, or a combination of stagnant growth and high inflation.

Source : https://www.straitstimes.com/business/economy/fed-too-slow-on-inflation-and-now-faces-stagflation-says-its-former-chief