While we let the US government prepare to interrogate Bernanke at today's hearings, the takeaway in Bernanke's prepared comments is crystal clear.
Bernanke: "upside risks to inflation have intensified, while significant downside risks remain to growth"
This is stagflation, defined.
KM
Bernanke: "upside risks to inflation have intensified, while significant downside risks remain to growth"
This is stagflation, defined.
KM