Jan 17, 2008

Ben Bernanke on inflation

Inflation, both including and excluding food and energy costs, should moderate this year and next, so long as the public's confidence in the Federal Reserve's commitment to price stability is unshaken. Inflation expectations appear well anchored and futures suggesting food and energy price increases will slow.

~ Ben Bernanke, Fed Chairman, "Bernanke Says Fiscal Stimulus Could Be Helpful", Bloomberg, January 17, 2008

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