From the inception of the financial crisis, Federal Reserve Chairman Ben Bernanke has been unflinching and audacious, never compromising, battling for the American people during a time of stress amid criticism from many throughout the world. When political leaders have faltered, Bernanke has succeeded in providing leadership at a time of crisis. For these reasons and more, a year ago I dubbed the Fed chief “the decider.” (See “The Decider,” November 2011.)
Bernanke’s term as Fed chairman expires in January 2014 but he has not yet hinted at whether he will stay on if asked.
Whatever the case, we expect that the nation’s top central banker will undoubtedly forge ahead in 2013, mustering every means he can to help the U.S. and indeed the world emerge from a gloomy time.
Here, then, are 10 items we suggest for Ben Bernanke’s to-do list in 2013.
There is much more the Fed can do, in our opinion, and in today’s precarious and uncertain world, there are bound to be some surprises to address in the year ahead. We believe Fed Chairman Bernanke is up for the task.
Past performance is not a guarantee or a reliable indicator of future results. All investments contain risk and may lose value. The Personal Consumption Expenditures (PCE) deflator is published by the Bureau of Economic Analysis as part of the GDP report. It measures inflation across the basket of goods purchased by households, and is computed by taking the difference between current dollar PCE and chained dollar PCE.
This material contains the current opinions of the author but not necessarily those of PIMCO and such opinions are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2013, PIMCO.
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