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Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation. I don't think we are anywhere near the situation that prevailed in the 1970s".

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Written by jaydasree (#1)
1436 days ago
Fed sees more risk to the downside BUT doesn't realize that there's enough decoupling already in the system so that commodity prices etc will continue to rise. Add to that further upward pressures due to biofuel and core cpi will rise no matter how deep a recession we're in.



Written by alanwellspun (#1)
1436 days ago
At least Bernanke was clear about what they believed - even if they're wrong.



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