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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (17459)	12/2/2004 6:53:49 PM
From: russwinter	Read Replies (2) \| Respond to of 116555

Ben Bernanke takes the lamp shade off long enough today to posture about what an inflation fighting studmuffin he is. Must be signalling a rate hike or two? Meanwhile back in the real world, money printing runs rampant: jessel.100megsfree3.com Bernanke-Fed "particularly vigilant" on inflation Thu Dec 2, 2004 01:52 PM ET WASHINGTON, Dec 2 (Reuters) - Fighting inflation is the key task for the U.S. central bank and it must be "particularly vigilant" as the economy approaches full employment, Federal Reserve Board Governor Ben Bernanke said on Thursday. "I do think that as the economy approaches something approximating full employment, pricing powers tend to increase and we have to be particularly vigilant at that stage to make sure that inflation stays low," he told the National Economics Club. "If I want to draw a bottom line it is that I do think that maintaining low and stable inflation is crucial to effective monetary policy, and I just want to assure (the audience) that we will be completely vigilant to assure that inflation remains low and well-contained, as it does seem to be currently."