Bernanke Says Fed Can Sidestep Big Recession in Inflation Fight

Ben Bernanke said that the Fed could pull off a soft landing if inflation improves.

He said on CNN that the US economy is mixed. There's a chance of a recession. I think the Fed has a decent chance of a soft landing, even though economists are terrible at predicting recessions.

The hottest US inflation in 40 years could be brought down by a very mild recession. He expressed hope that supply chains will improve and that oil and food prices will go down.

He said that a loss of confidence in the Fed could lead to harsher policies.

There is a risk of inflation at a new 40-year high.

If the supply side improves, the Fed can get inflation down without imposing the kind of costs we saw in the early ‘80s, according to Federal Reserve Chairman Ben Bernanke.

The Federal Reserve should take into account the seriousness of inflation that has accelerated to a 40-year high when they meet this week, as recession risks loom, according to a former treasury secretary.