What does it mean for monetary policy that copper has fallen so low? It means that Bernanke will carry out more "non-traditional" Federal Reserve stimulus.

Ben Bernanke is famous for being terrified of deflation--and to his particular mindset, this is a reasonable fear. More to the point, Bernanke's deflation-phobia actually matters--because after all, he is the Chairman of the Federal Reserve. He controls U.S. monetary policy.

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