Former Federal Reserve Chairman Ben Bernanke was speaking at the American Enterprise Institute, a Washington think tank - this via Bloomberg
- U.S. economic growth could face a challenging slowdown
- Bernanke said the $1.5 trillion in personal and corporate tax cuts and a $300 billion increase in federal spending signed by President Donald Trump "makes the Fed's job more difficult all around" because it's coming at a time of very low U.S. unemployment
- "What you are getting is a stimulus at the very wrong moment"
- "The economy is already at full employment."
The stimulus "is going to hit the economy in a big way this year and next year, and then in 2020 Wile E. Coyote is going to go off the cliff," Bernanke said, referring to the hapless character in the Road Runner cartoon series.
