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Low official inflation benefits the government by reducing inflation-indexed payments, including Social Security.
Furthermore, although low official rates have reduced mortgage rates, other borrowing costs have risen, as lenders have increased margins.
This year, they are helping out again -- in positions high and low, official and unofficial, big and small.
Record low official interest rates and other extraordinary measures to pump cash into the economy would eventually backfire, he said.
There were no miso soup lines and the relatively low official unemployment rate often seemed to belie that there was a problem at all.
Most Iranians who go overseas will no longer be allowed to trade their rials for dollars at the artificially low official rate.
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Food and water supplies are dangerously low, officials have said.
Hospitals across Seattle are running low, officials said on Friday.
The probability of a smallpox attack is low, officials say.
Moreover, the White House had assessed the probability of a North Korean test this spring as relatively low, officials say.
At the same time, morale on the task force, where few agents have more than five years' experience, and supervisors not much more, is extremely low, officials said.
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