To Mr. Bernanke, when the economy — as well as the basic statistics that undergird it — becomes politicized, the result is bad policy. Mr. Bernanke has been thinking recently about the current state of politics and the economy. “Clearly there is very substantial stress among a large part of the population,” Mr. Bernanke said. Mr. Bernanke, who was always a careful speaker when testifying to Congress, was mostly circumspect when it came to directly commenting on President Trump. “We might have lower tax rates, maybe balanced to some extent by closing some loopholes, that would be a better policy,” Mr. Bernanke said.

Source: New York Times April 25, 2017 00:55 UTC