Bernanke’s ‘Unusually’ Is Poetry, Goodfriend Says: Tom Keene

Federal Reserve Chairman Ben S. Bernanke’s testimony to Congress shows concern over deflation, according to Marvin Goodfriend, an economist at Carnegie Mellon University and a former Richmond Fed policy adviser.

In his semi-annual report on monetary policy yesterday, Bernanke told the Senate Banking Committee that central bankers are ready to act as needed while the economic outlook remains “unusually uncertain.” Bernanke reiterated the comments today before the House Financial Services Committee.