Ben Bernanke Gave A Private Speech To High Powered Investors In Tokyo, Here's What He Said
REUTERS/ Alfred Cheng Jin
Hedge fund manager John Paulson, founder of Paulson & Co., also spoke at the event - The SkyBridge Global Symposium Tokyo sponsored by investment firm SkyBridge Capital.
Bernanke told attendees that he believes Central Banks around the world have the power to fight our current #1 economic fear - deflation.
He told attendees that Japan's 'Abenomics' policy is working, and that likes that the Bank of Japan is generating more inflation than the European Central Bank.
ECB head Mario Draghi, he added, should continue to expand the ECB's balance sheet.
As for U.S. policy, Bernanke thinks the Fed still needs to see more job creation before completely altering its policy.
According to a source that was at the speech Bernanke sounded positive about global prospects in a general sense. The former Fed Chair doesn't believe in secular stagnation, and that industries like biotech, tech, and energy are poised to create more jobs to the global economy than we expect.
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- Internet of Things (IoT) Applications
- 10 Ultimate road trip routes in India for 2024
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market