Posted on 09/08/2011 10:48:10 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — Federal Reserve Chairman Ben Bernanke said Thursday that he was not worried that the pick-up in inflation earlier this year would persist, but he didn’t outline whether or how the central bank could ease further.
“Importantly, we see little indication that the higher rate of inflation experienced so far this year has become ingrained in the economy,” Bernanke said in a speech to the Economic Club of Minneapolis.
(Excerpt) Read more at marketwatch.com ...
He doesn’t pump his own gas or buy his own groceries, does he?
/sarc
It’s scary Bernanke actually thinks inflation is on it’s way down. It isn’t. But that a so-called economic leader would take this posture in these times...........
Ben, Ben, Ben. No one with your responsibilities should be huffing paint.
sarc
I was going to say the same thing, and not sarcastically.
I’m fairly sure that’s shopped. I’ve seen a few shops in my day. BTT.
Rising prices make everyone high.
Unexpectedly.
how can inflation be down when there is no inflation!?
the lying sack of shit
Hmmm. I guess that means that they are going to chase down all that QE1 and QE2 money they pulled out of thin air or, perhaps, from a darker place and burn it. Give me a break.
Damn good thing tonight’s speech takes place when the market is closed.
This entire administration has to lie about everything it does just to buy time via their appeasing lies until its too late for anyone else to reverse the damage they've caused to this country. When you see a bunch of them starting to leave the country you can bet the real pain of their actions is about to reach its apex (social upheaval). Maybe they'll all be heading to Soro's European villa or to China.
HEY!!! Bernanke, watch me pull $1000 bills out my butt!!!
Didn’t Ben also say QE2 would create hundreds of thousands of jobs and create confidence in the stock market?
Bernanke says inflation is on its way down so Obama does not have to give the senior citizens a Social Security pay raise for the third year running.
How is that Hope and Change working for you Senior Citizens? Do you like the no-change in the size of your Social Security check since Obama took office?
Bet he doesn’t buy tires either. Fed supplied limo no doubt.
Six Whiskey Tango
Tires went crazy when Baraq put the big tariff on the Chinese imports.
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