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The point is that every time the Fed cuts rates but doesn't turn things around, its credibility is eroded.
Bernanke says that inflation expectations are "reasonably well anchored," but adds that this could unravel if the Fed's inflation-fighting credibility is eroded by continued increases in food and energy prices.
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But his credibility was eroding in Hyderabad, where SKS is based.
Presenting the report, Lady Usha Prashar, the first civil service commissioner, said that it was "a warning shot" for a government whose public credibility was being eroded by spin.
"Any tendency of inflation expectations to become unmoored or for the Federal Reserve's inflation-fighting credibility to be eroded would greatly complicate the task of sustaining price stability and could reduce the flexibility of the F.O.M.C," Mr. Bernanke warned, referring to the Federal Open Market Committee, which sets interest rates.
The deeply-split parties Fateh and Hamas know that their credibility has been eroded by many false promises and optimistic headlines.
But even if it doesn't, then at least it would be Iran's credibility that would be eroded, not ours.
The coast is eroding.
But confidence is eroding.
It is eroding.
That model is eroding.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com