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The Bernanke Conundrum — the divergence between what Professor Bernanke advocated and what Chairman Bernanke has actually done — can be reconciled in a few possible ways.
Chairman Bernanke answers five questions.
"Chairman Bernanke has to walk a very, very fine line".
Mr. Mattingly added, "I think Chairman Bernanke has followed along and made further improvements.
Maybe politics are the impediment, and Chairman Bernanke has been forced to hide his inner professor.
In London in January, US Federal Reserve chairman Bernanke said: "The global economy will recover".
"My view is Chairman Bernanke helped save the world from depression," said Mr. Mishkin, an economist at Columbia University.
From Thursday's actions, we can only infer that it has finally freed Chairman Bernanke to do the right thing.
Data remains mixed and Fed Chairman Bernanke has highlighted flexibility to both increase and decrease the rate of intervention.
He went on to say: "Chairman Bernanke knows it, the market knows it, and the taxpayers know it," adding that he thought the G.A.O.
"Still," he added, "out of this near calamity, I believe Chairman Bernanke provided leadership that was urgent, nimble, strong and vital in staving off greater disaster".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com