– March 2, 2011
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““I just see a continuation of rising prices for the average family,” at a time where the Fed is constructing policies to ward off what it sees as the threat of deflation, Sen. Bob Menendez, a New Jersey Democrat told Bernanke. When told by Bernanke that core inflation levels were quite low and Fed policies have helped the economy and lifted financial-asset prices, Menendez countered gruffly “I appreciate the market going up, we are all thrilled with that,” and added the average family “won’t tell you there’s deflation.”” Read more

“Commodity-Price Gains Dog Bernanke’s Inflation” 
Michael S. Derby 
Wall Street Journal, March 1, 2011. 

Image by Salvatore Vuono / FreeDigitalPhotos.net.

Tom Duncan

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