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August 22, 2008
SouthAmerica: Ben Bernanke is in La La Land.
I wonder in which country Ben Bernanke is talking about?
Inflation is exploding all around us in our area of the country and the price of just about everything is going out of sight.
In our area of the country there is no uncertainty about inflation â since inflation is going through the roof.
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Reuters â August 22, 2008
Federal Reserve Chairman Ben Bernanke on Friday called the U.S. inflation outlook "highly uncertain," and said central bank policy-makers would do what they must to preserve price stability. At the same time, he called a recent decline in commodity prices and stabilization of the U.S. dollar "encouraging."
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