http://blogs.reuters.com/james-pethokoukis/2010/02/02/obamas-unemployment-forecasts/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/james-pethokoukis/2010/02/02/obamas-unemployment-forecasts/comment-page-1/#comment-6692 david Wed, 03 Feb 2010 07:41:00 +0000 http://blogs.reuters.com/james-pethokoukis/?p=3321#comment-6692 Fortunately, Ben Bernanke appreciated how serious a risk the economy faced. I recall a year ago some people advocating a more hawkish monetary stance. Perhaps that highlights the relative weight they place on potential inflation versus potential unemployment. Though it remains to be seen how effectively the Fed will be able to execute its exit strategy to avoid an explosion in inflation, so far it would appear that Bernanke's understanding of the tradeoff was appropriate. Fortunately, Ben Bernanke appreciated how serious a risk the economy faced. I recall a year ago some people advocating a more hawkish monetary stance. Perhaps that highlights the relative weight they place on potential inflation versus potential unemployment. Though it remains to be seen how effectively the Fed will be able to execute its exit strategy to avoid an explosion in inflation, so far it would appear that Bernanke’s understanding of the tradeoff was appropriate.

]]>