1 vote

Bernanke Says US Inflation Spike Won't Last

A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday.

The comments stood in sharp contrast to a string of U.S. central bank officials, some of whom have argued the time is coming for the Fed to begin tightening monetary policy.

Earlier on Monday, Atlanta Fed President Dennis Lockhart struck a similar note, saying inflation would probably remain moderate.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Reminds me

Do not worry that the prices of everything except houses are going ballistic in the US. They are going ballistic everywhere.

Reminds me of a conversation in my favorite novel, Catch 22. Yossarian was upset that enemy soldiers were trying to kill him. He told Clevinger.

"They're trying to kill me," Yossarian told him calmly.

"No one's trying to kill you," Clevinger cried.

"Then why are they shooting at me?" Yossarian asked.

"They're shooting at everyone," Clevinger answered. "They're trying to kill everyone."

"And what difference does that make?"

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Great news, because I was worried.



Usually it happens exactly

Usually it happens exactly opposite to what he says, so expect a long spike.



Huge government deficits are usually paid off by currency devaluation. He failed to see the collapse of the biggest housing bubble in history, so you best be protecting yourself for the worst hyperinflation since the Weimar Republic.


Is Ben Bernanke A Liar, A

Is Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally Incompetent?


Follow me on Twitter for breaking news from a libertarian perspective