Bernanke on inflation expectations
June 09, 2008 at 21:59 PM EDT
[Skip to the end] Elevated inflation expectations are unacceptable to a mainstream Central Banker, and Bernanke seems to be clearly telling us we’ve reached his limits. To get ahead of the ‘inflation curve’ will mean interest rates of at least the 5.25% level of last August, when the FOMC didn’t cut because inflation was deemed too high. While [...]
