Bernanke prepares for a potentially important policy speech Friday, when he could detail his...

|By:, SA News Editor

Bernanke prepares for a potentially important policy speech Friday, when he could detail his thinking on the Fed's next steps. Criticisms he made of Japan's central bank a decade ago (.pdf) - saying it was too timid in stimulating the economy to prevent deflation - give clues to the Fed's moves, but he has found it tough to follow his own advice.