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NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate...
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Friday, April 1, 2011, 10:23 AM ETNY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate of growth in manufacturing jobs is "not a reason to reverse course." Even if jobs growth were to accelerate to 300,000/month from March's "notable" 216,000, he says considerable labor market slack would remain at the end of 2012.
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This news story has 4 comments:
Audit the Fed.
This holier than thou prick should join the rest of America and face the relentless rise of everyday items. Dudley, at what point do you defend the American Dollar? .72 is its low, what do you say when we slice through current lows of .76 and head to .72? Just how much pain are you and Bernanke willing to shove down the 200 MILLION working Americans throats who don't give a rats ass about an I-pad 2 being cheaper than the I-pad 1, you pompous ass!
Is $5 gallon gas enough, BILL? Do all the hard working slobs of America who don't have time to think about all your hyperbole and SHUT THE F... UP! No one believes you or Bernanke! Credibility lost is almost impossible to replicate. The damage done will live way past the two of you fools.
Jerry
Regardless, inflation isn't expressed only in gas prices. There's housing, foodstuffs, electricity, computers, entertainment, etc.
Gas and foodstuffs are up, electricity is relatively level, housing is way down, computers are down, entertainment is down.
It doesn't really paint a picture of overall inflation to me, seems more like a spike in some commodity prices.
It seems your main complaint is oil. If you want immunity from spikes in oil prices then a transition away from oil is the only solution. This happens way too frequently for people to be surprised by it.