As I read an article about New York Federal Reserve Bank President addressing inflation, my thoughts about the total lack of any sanity in the Federal Reserve were given evidence.
In the article NY Post article, NY Fed's Chief's anti inflation gospel falls on deaf ears, the Fed executive shows his total lack of noticing the obvious.
http://www.nypost.com/p/news/business/ny_fed_chief_anti_inflation_gospel_TrhzidxKWJ4hwB8zFzTdnO
How can a man with such influence actually say inflation is in check by comparing the price of an iPad and grocery and energy? Personally, I know several people with iPads and some use them often. On the other hand, every person I know eats groceries and uses energy EVERY DAY. I invite anyone to support his views. I would live to hear how inflation is minimal while all commodities are skyrocketing.
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