http://www.bloomberg.com/news/2012-03-2 ... rowth.html
Households need to spend more, says Bernanke
He really sounds defensive and out of touch.
Especially when he says things like: “After a long period of low inflation most people are pretty comfortable that inflation will stay reasonably low,” Bernanke said. “And that helps a lot” since “with inflation staying low the Fed has more leeway.”
Meanwhile, just about everyone I run into talks about higher gas and food prices like one would usually talk about the weather. Regardless of what numbers he may be referencing, the public perception is much different. Although I would suppose the "most people" he is referring to are other economists and people he works with.
Especially when he says things like: “After a long period of low inflation most people are pretty comfortable that inflation will stay reasonably low,” Bernanke said. “And that helps a lot” since “with inflation staying low the Fed has more leeway.”
Meanwhile, just about everyone I run into talks about higher gas and food prices like one would usually talk about the weather. Regardless of what numbers he may be referencing, the public perception is much different. Although I would suppose the "most people" he is referring to are other economists and people he works with.
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Spartan_Warrior
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George the original one
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