BlockBeats news, on March 6th, former Federal Reserve Chairman Bernanke said that the recent global inflation acceleration may make it more difficult for Central Banks around the world to control prices in the future. Bernanke suggested that Central Bank governors may be more vigilant about allowing prices to soar again. He cited research indicating that the policymakers of the 1970s (a period of economic shock from oil prices) were 'generally more hawkish than younger people.' In his prepared remarks, Bernanke stated that a key lesson learned from the recent round of inflation is that the communication of Central Banks should pay more attention to the possibility that outcomes may differ significantly from the most likely forecasts, and if reality diverges from the forecast, monetary policy will respond appropriately. A better communication strategy may be for the Fed to state that its basic assumption is temporary inflation.