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Stevens versus Bernanke: What the WSJ Won t Tell You

Posted on June 16, 2008

Another one of those laughable WSJ editorial comments:The biggest problem in emerging economies isn t the credit crunch about which we hear so much . . . but inflation. So said Glenn Stevens, Australia s central bank governor, to a business crowd in Melbourne Friday. It s too bad U.S. Federal Reserve Chairman Ben Bernanke wasn t in the audience.Unlike his Fed peer, Mr. Stevens has ruthlessly resisted inflationary pressures.Never mind that Australia has a much more serious inflation problem than the US on most measures, none of which the WSJ sees fit to mention. The US core CPI ...

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bernanke , central bank , fed , federal reserve , inflation , interest rates , the fed