shirakawa

Robin Harding

Today’s speeches by Fed chairman Ben Bernanke and BOJ governor Masaaki Shirakawa are available on their respective websites.

There was also a brief Q&A session, however, during which Mr Bernanke was asked to comment on Olivier Blanchard’s suggestion of a 4 per cent inflation target to increase the scope to cut rates in a crisis. I’ve transcribed his response below: Read more