Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’

April 5 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said policy makers must watch inflation “extremely closely” for evidence that rising commodity costs are having more than a temporary impact on consumer prices.

“So long as inflation expectations remain stable and well anchored” and the rise in commodity prices slows, as he’s forecasting, then “the increase in inflation will be transitory,” Bernanke said yesterday in response to audience questions after a speech in Stone Mountain, Georgia.

“We have to monitor inflation and inflation expectations extremely closely because if my assumptions prove not to be correct, then we would certainly have to respond to that and ensure that we maintain price stability,” he said.

http://www.businessweek.com/news/20...ust-monitor-inflation-extremely-closely-.html

Gentlemen, I give the toilet paper a chance and buy some of this "junk"...

 

Lol. Assclowns.

 

Now if there's a smile on my face
It's only there tryin' to fool the public
But when it comes down to foolin' you;
Now honey, that's quite a different subject

But don't let my glad expression
Give you the wrong impression
Really I'm sad
I'm sadder than sad
You're gone and I'm hurtin' so bad
Like a clown I pretend to be glad

Now there's some sad things known to man
But ain't too much sadder than
The tears of a clown
When there's no one around

Now if I appear to be carefree
It's only to camouflage my sadness
In order to keep my pride I try
To cover the hurt with a show of gladness

But don't let my show convince you
That I've been happy since you
Decided to go
Oh, I need you so
I'm hurt and I want you to know

Now there's some sad things known to man
But ain't too much sadder than
The tears of a clown
When there's no one around

Just like Pagliacci did
I try to keep my sadness hid
Smiling in the public eye
But in my lonely room I cry
The tears of a clown
When there's no one around

 

then we would certainly have to respond to that and ensure that we maintain price stability,”

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Could this mean interest rate hike?

 

Once you get beyond the initial shock and revulsion of understanding the scam, these Fed announcements can become quite amusing - well, unless you have a pension that is.