Is This The RBA’s Bernanke Moment?
Just before the GFC hit, the then Chair of the Fed reassured that everything was going to be fine. The subprime mess is grave but largely contained, said Federal Reserve Chairman Ben Bernanke Thursday, in a speech before the Federal Reserve Bank of Chicago. While rising delinquencies and foreclosures will continue to weigh heavily on … Continue reading “Is This The RBA’s Bernanke Moment?”