TITLE

BERNANKE'S LITTLE PROBLEM

AUTHOR(S)
Hanke, Steve H.
PUB. DATE
July 2006
SOURCE
Forbes Asia;7/3/2006, Vol. 2 Issue 12, p28
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article analyzes the warning that Ben Bernanke, chairman of the U.S. Federal Reserve (Fed), said on June 5, 2006 about the commodity prices in the U.S. The Fed thought that the U.S. economy has fared well from 2001-2003. But by mid-2004 the Fed realized that the rate of inflation was creeping up after bottoming out in 2003. The Fed's preferred inflation gauge is the measure for Personal Consumption Expenditures. The gauge, which tracks what people spend broadly, in 2005 has risen by only 2.1%.
ACCESSION #
21669650

 

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