Friday, December 14, 2012

You think the Fed governors should know better

Three interesting headlines on CNBC today: Two inflation hawks expressing opinions and worries about inflation and inflation expectations, while a CPI report showing decreasing inflation (disinflation).

Do you think these governors know better than, say, an average college graduate? You can hardly discern any special insight from them, rather than their usual positions of worrying about potential inflation. How did they get from here (depressed economy) to there (heightened inflation risk)?
 

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