Ben Bernanke seems to think that inflation doesn't matter, Bill Gross says, but "at least in...

|By:, SA News Editor

Ben Bernanke seems to think that inflation doesn't matter, Bill Gross says, but "at least in terms of headline versus the core, we do." Over the past decade, a 0.5-point gap between the two has come from a globalization-based shift to higher demand for commodities, he says, and rising oil could shave a quarter- to a half-point off GDP.