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"Meanwhile," he added, "inflation is well under control".
More significantly, yields on Treasuries soared as investors demanded higher rates as compensation for the added inflation risk.
It should be noted that the commonly recommended inflation pressure (25 to 30 cmH2O) [ 3] was the point at which the steep linear rise in pressure was seen with small increments of added inflation volume.
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The Principal Financial Group in Des Moines, another big 401(k) manager, has also added inflation-hedging and income-producing investments to the retail version of its target-date funds.
The misery index, which adds inflation to unemployment, isn't the right comparison.
"Today the situation is more complex," Mr. Bernanke told lawmakers, adding: "Inflation is higher.
That creates brutal math: if your portfolio's income is below 4 percent, you can't withdraw 4 percent annually, and add inflation adjustments, without depleting that portfolio over time.
He adds:Inflation has already persisted below target longer than the Fed expected, and the latest data suggest that it is the public's expectations of inflation that are converging towards actual inflation, rather than the other way around.
To the inevitable "death and taxes," I would add inflation.
Add inflation of 2% and there's my 7%.
Monica, who previously worked in the banking industry, adds: "Inflation makes Argentina less credible.
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