US inflation ‘under control’; jobs insufficient to absorb new graduates, says Bernanke

Thursday, March 3rd 2011 - 05:18 UTC

Full article 2 comments

The recent hike in oil prices will likely cause a “temporary and relatively modest increase in U.S. consumer price inflation,” but sustained increases could pose a more serious threat to the economy, Federal Reserve Chairman Ben Bernanke said earlier this week. Read full article

Comments

Disclaimer & comment rules

Redhoyt
Now why would you want to control inflations ..... apparently it's not a problem :-)

http://www.buenosairesherald.com/article/60449/cabinet-chief-assures-‘there’s-no-such-thing-as-an-outofcontrol-inflation’
Mar 03rd, 2011 - 05:38 am - Link - Report abuse 0
-+
Fido Dido
Ben Barnanke: There is no Inflation:

Public in the US: Oh really? Have you seen the prices of food and energy? Don't you see the dollar is keeps losing it's value? Why do you have QE3 in mind if the economy is doing “well”?

Ben Bernanke: No, I don't shop or put gas in my car. It's being done for me. We pledge to keep the dollar strong (wink) and no comment on QE3. There is no inflation according to the CPI index (an index that doesn't measure food and energy prices because it's not necessary). Prices of food are going up and durable goods go down, it compensates.

Public: So I suppose to eat my IPAD

Ben Bernanke: Yep, you just open an account at facebook, play farmville and buy virtual food.
Mar 03rd, 2011 - 06:39 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!