Bernanke's caution and patience is saving the US economy - It is clear that Bernanke careful not to make the same mistakes that knee-capped each mini-recovery that emerged during the 1930s Great Depression, when policy-makers prematurely tightened policy when there were tentative signs that the economy was improving. As an academic specialist of the Great Depression, Bernanke is aware that the US economy is still vulnerable to a significant policy tightening, even though the recent run of news on housing, sentiment and jobs has been particularly positive. (VIEW LINK)
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