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Mr. Bernanke, clearly piqued, responded, "You call me a dove, but my inflation record is the best of any chairman in the postwar period".
If I'm sitting in the Federal Reserve and the dollar's going down while the economy weakens, that complicates my inflation outlook and the policy response.
Well, maybe in some respects I am, but on the other hand, my inflation record is the best of any Federal Reserve chairman in the postwar period, or at least one of the best, about 2 percent average inflation".
My inflation expectations are higher than those implied by the market.
While my inflation concerns have yet to materialize, the Goldman Sachs GSS A, 22) and Morgan Stanley (MS A, 22) adjustable-rate preferreds I recommended last December are up two or three points.
The two headwinds will also have important implications for my inflation forecast.
Similar(53)
So, my inflation-adjusted two cents.
By June 1978, Mr Callaghan and Mr Healey had come to the rescue, and with my inflation-linked pocket money I'd got my hands on a real beauty, a plastic World Cup ball, panelled in black and silver hexagons bearing the names of Peru, Iran, Holland, Scotland, Argentina, Brazil, Italy… Each thorny scratch on that ball became an insult to the brilliance of Cubillas, Antognoni or Johnny Rep.
Where is my grade inflation?
In my happy inflation days, in the early 1980s, I owned nothing except an old Chevy Nova with peeling blue paint.
"For the first time in my life, inflation is the same as in Britain," boasts Erdem Basci, Turkey's new central-bank governor.
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