Higher prices for gasoline and commodities "have not. translated to broad inflation of consumer...

|By:, SA News Editor

Higher prices for gasoline and commodities "have not... translated to broad inflation of consumer goods and services," Fed's Dennis Lockhart says, but that belief may be based on dubious government statistics. The best evidence is the companies who try to pass on cost increases to consumers. If they keep doing what they're doing (I, II), the Fed would face a problem with no easy remedy.