EE_
17th April 2014, 05:03 AM
During Fed speak yesterday, Yellen said there is concern inflation is too low.
I wish someone would ask her where she'd like to see inflation show up?
Living costs are skyrocketing everywhere.
We have high gasoline prices, natural gas prices, electricity/water prices, home/rent prices at record high, auto prices high, stock market at record high, healthcare costs record high, food prices at record high, higher service industry costs, building materials at highs, state and Federal worker wages/costs record highs. What else is there?
Yellen:
"With inflation running at around 1 percent, at this point I think the risk is greater that we should be worried about inflation undershooting our goal and getting inflation back up to 2 percent," Yellen said.
I wish someone would ask her where she'd like to see inflation show up?
Living costs are skyrocketing everywhere.
We have high gasoline prices, natural gas prices, electricity/water prices, home/rent prices at record high, auto prices high, stock market at record high, healthcare costs record high, food prices at record high, higher service industry costs, building materials at highs, state and Federal worker wages/costs record highs. What else is there?
Yellen:
"With inflation running at around 1 percent, at this point I think the risk is greater that we should be worried about inflation undershooting our goal and getting inflation back up to 2 percent," Yellen said.