Ben Bernanke wrote in the WSJ today
We will be hearing plenty from former Fed chair Ben Bernanke in the week ahead as he does the rounds to promote his book.
He wrote in the WSJ today and noted that inflation remains low/
"The 5.1% headline unemployment rate would suggest that the labor market is close to normal. Other indicators-the relatively low labor-force participation rate, the apparent lack of wage pressures, for example-indicate that there is some distance left to go," he wrote.
What's clear about the post-Fed Bernanke is that he found criticisms of his Fed stinging and still feels the barbs. In today's article, he gloats over critics who said his policies would create hyperinflation.
But he already had to go on the defensive because he's been criticized for the title of the story, "How the Fed Saved the Economy". He went on CNBC to remind everyone that the newspaper editors write the headlines.
He also does a victory lap over Trichet, saying Europe's failure to employ monetary and fiscal policy aggressively after the financial crisis is a big reason that eurozone output is today about 0.8% below its precrisis peak while the US economy is 8.9% larger.
image via @victorleonardib