Yesterday, Fed Chairman Ben Bernanke spoke in Atlanta, before the International Monetary Conference. During his speech, Bernanke discussed price inflation. This is what Krugman pulled from the speech:
Ben Bernanke makes an interesting point: never mind core inflation, basically the acceleration in headline inflation is all about just one good, gasoline. Take out gas prices, and inflation was only 1.2 percent over the past year.Read Full Article »
