Bern, babe, Bern. Get this: According to London's Daily Telegraph (and its astute Ambrose Evans-Pritchard, one of the best economics observers out there today...if a bit uber-Kensyian), the not-so-astute Federal Resereve chairman Ben Bernanke is already planning an exit strategy from recession-driven rate cuts. He's worried critics are right and that inflation will pick up when the U.S. economy starts to recover. Doesn't sound like someone expecting this recession to last much longer or turn into a W.
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