Bernanke Downplays Cost Of Economic Stimulus
Outgoing Federal Reserve Chairman Ben Bernanke on Thursday dismissed concerns that the central bank’s extraordinary stimulus program is exacting a growing toll on the economy, such as raising the risk of eventual inflation. “Some of the costs people talk about are not really costs,” Bernanke said in an interview with author and former banking industry official Liaquat Ahamed at the Brookings Institution. Bernanke, who helped lead the nation from the financial crisis and recession, is scheduled to step down Jan. 31. Fed Vice Chairwoman Janet Yellen will succeed Bernanke, becoming the first woman to head the central bank.
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