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Article: Bernanke on price stability.(EDITORIALS)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- March 4, 2006
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Byline: THE WASHINGTON TIMES
Celebrating the 75th anniversary of the Woodrow Wilson School of Public and International Affairs, which is named after the president who was instrumental in establishing the Federal Reserve System in 1913, Ben Bernanke appropriately returned to Princeton University (where he was an economics professor for nearly two decades) to deliver his first speech since becoming Fed chairman. He exceeded the very high expectations.
In his simply titled speech, "The Benefits of Price Stability," Mr. Bernanke delivered a powerful argument detailing the indispensable role that stable prices and well-anchored inflation expectations play in ...