Guest post: Central banks will face a Scylla and Charybdis flation challenge for years
Submitted by Edward Harrison of the site Credit Writedowns. Nearly a month ago, back on May 5th, I highlighted some testimony by Federal Reserve Chairman Ben Bernanke before congress in a post labelled, “Bernanke expects recovery later this year". In his testimony, Bernanke used the phrase ‘Scylla and Charybdis’ to describe the Federal Reserve’s policy […]
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