Bernanke tells Congress high oil prices won't ignite inflation; some lawmakers skeptical

Full story: 680News
Federal Reserve Chairman Ben Bernanke boldly predicted to Congress on Tuesday that rising oil prices will cause only a brief and modest rise in consumer inflation. Full Story

Since: Apr 08

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#1 Mar 1, 2011
Uh... hate to burst your bubble, but $4 a gallon for gas is not just igniting inflation, it is exploding it.

“ain't she sweet?”

Since: Nov 10

Location hidden

#2 Mar 1, 2011
Make that $5 a gallon in the next few months and it stands to reason that if the cost of transportation goes up EVERYTHING else will - groceries, clothing, building supplies - the cost of doing business will increase to much for business owners NOT to pass the cost on the the consumer. Who is he kidding? It's common sense!

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