Bernanke’s QE Pickle: Rising Oil Prices And Vicious Feedback Loops
- Friday, February 24, 2012, 22:59
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The recent oil price rally, if sustained, will put Fed Chairman Ben Bernanke between a rock and a hard place. With zero-bound interest rates set to remain in place at least until late-2014, Bernanke and other central bankers in so-called advanced economies will be forced to use quantitative easing to monetarily stimulate their economies, as growth slows.
http://www.forbes.com/sites/afontevecchia/2012/02/24/bernankes-qe-pickle-rising-oil-prices-and-vicious-feedback-loops/
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