Former Fed Chairman: It will be harder for central banks to control inflation in the future


Former Federal Reserve Chairman Bernanke stated that the recent global inflation acceleration may make it more difficult for central banks to control prices in the future. Bernanke suggested that central bank governors may be more vigilant in allowing prices to soar again. He cited research showing that the Federal Reserve policymakers in the 1970s (a period of economic shock from oil prices) were "generally more hawkish than younger people."