Bernanke: No Inflation for QE3

The Fed Chairman is claiming that QE3 will not lead to significant inflation.

“I don’t believe significant inflation is going to be the result of any of this,” Bernanke said in a speech at the University of Michigan.

We see a 70% chance that the makeup of the CPI is revised within the next 24 months to ensure the accuracy of the Chairman’s words, even as prices rise and the value of the dollar falls.

Source: Marketwatch

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