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To: Bucky Katt who wrote (35058)7/10/2007 2:49:52 PM
From: joseffy  Read Replies (1) | Respond to of 48461
 
Did he get that info from Bert Lance?



To: Bucky Katt who wrote (35058)7/10/2007 3:16:54 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
More tangled Fed speak> Federal Reserve Chairman Ben S. Bernanke said inflation expectations ``remain imperfectly anchored'' in part because the public doesn't know the central bank's goal for prices.

What inflation rate the Fed prefers ``is not fully known by private agents,'' Bernanke said in a speech to the National Bureau of Economic Research in Cambridge, Massachusetts today. ``Long-run inflation expectations do vary over time,'' he added.
``They are not perfectly anchored.''

Variability in the public's outlook raises ``issues of
credibility and institutional design,'' he said.

Huh?