Disagreements at Fed don't bother me, says Bernanke | business | Hindustan Times
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Disagreements at Fed don't bother me, says Bernanke

Federal Reserve Chairman Ben Bernanke on Friday said he doesn't need to be surrounded by yes men, or women. There has been "plenty of disagreement" among the members of the Federal Reserve's main policymaking group, whose power to influence interest rates for all kinds of loans is important to Americans' pocketbooks, he said.

business Updated: Oct 01, 2010 23:10 IST

Federal Reserve Chairman Ben Bernanke on Friday said he doesn't need to be surrounded by yes men, or women. There has been "plenty of disagreement" among the members of the Federal Reserve's main policymaking group, whose power to influence interest rates for all kinds of loans is important to Americans' pocketbooks, he said.

There may be more disagreement these days, he said, as Fed policymakers struggle to find the best way to help the economy recover. However, different views can eventually lead to better decisions, he said.

There are divisions within the Fed over how to pump up the economy and lower joblessness.

Some Fed officials have clashed over how much help would come from one likely next step, buying more government debt. Others have different thoughts about the size of any new aid programmes. Fed policymakers delivered a strong signal last week that they are prepared to act if the economy weakened. High on the list is buying more government debt, known as quantitative easing.

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