Bernanke: Inflation Will Not Get Out of Hand

Monday, December 07, 2009 , , 1 Comments

No comment. Seriously. Not a one.


When the time comes, the Federal Reserve will raise interest rates to keep inflation under control, Fed Chairman Ben Bernanke said Monday, adding that that time could be far away. With the U.S. economy still very fragile and unemployment so high, inflation isn't a pressing problem right now, Bernanke said in a talk to a group of economists in Washington. For now, getting the economy back on its feet is the top priority. "The Fed is committed to keeping inflation low and will be able to do so," he said. However, inflation "appears likely to remain subdued for some time."

("inflation appears likely to remain subdued for some time" is the new "just the tip" you know. That's all I'm saying)

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


darkcloud said...

JD - No out-of-hand inflation, eh?

Guess this means currency devaluation is the plan.