Bernanke Continues To Jawbone About Inflation

June 10, 2008 at 12:47 pm  ·  Category: Federal Reserve, Foreign Exchange, Inflation, Market Commentary

Moreover, the latest round of increases in energy prices has added to the upside risks to inflation and inflation expectations.  The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations, as an unanchoring of those expectations would be destabilizing for growth as well as for inflation.

Fed Chairman Ben Bernanke, in a speech last night (Monday June 9)

For the second time in a week, Fed Chairman Ben Bernanke has emphasized the Fed’s concern with inflation and inflation expectations in speeches resulting in dollar rallies ($ Euro 1 Week Chart).

Posted by Greg Feirman  ·  Trackback URL  ·  Link