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Sounder monetary policies (and hence low inflation) are one reason.
Low interest rates, a falling dollar and low inflation are keeping things going.
The principle he declared inoperative maintains that full employment and low inflation are incompatible.
"Whatever turmoil may be stalking the global economy, we should be under no illusions: cheap oil and low inflation are good news for Britain," he said.
Maybe Ben Bernanke is a closet populist and his semi-regular assurances of low inflation are really a front to set expectations.
It was the strongest quarterly growth in spending for almost two years and adds to evidence that strong employment, low interest rates and low inflation are buoying consumer sentiment.
Similar(45)
Elsewhere low inflation is becoming more entrenched.
Unemployment is low, inflation is low, wages are rising.
The corollary of low inflation is low nominal earnings growth.
Now interest rates are low; inflation is dead.
Low inflation is boosting the value of pay packets.
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