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Bernanke Right to Be Worried About False Dawn: Ex-Fed Governor
Fed Chairman Ben Bernanke is right to be worried about a false dawn for the U.S. economy, Randall S. Kroszner, a former governor of the Federal Reserve told CNBC on Friday. Earlier this week, Bernanke told CNBC the economy remained challenging despite signs of improvement, and the rise in Treasurys yields. "I would agree with Chairman Bernanke that we don't want to start popping the champagne corks yet," said Kroszner, who's now Professor of Economics at the University of Chicago's Booth School of Business. "We've seen some very important false dawns in the U.S. labor market. In early 2010, we created more than ... (full story)