Tuesday, April 5, 2011

Rick Santelli Reacts to Ben Bernanke speech on Inflation

Rick Santelli reacts to The Fed Chairman Ben Bernanke speech last night in Stone Mountain, Georgia. where Ben Bernanke downplays the inflation fears , Bernanke said he believes the :..."...the inflation increase will be transitory then it will pass and go back to a point of inflation that is consistent with our price stability mandate. and that being said, we have to monitor inflation. inflation expectations extremely closely because if my assumptions prove not to be correct, we would certainly have to respond to that and ensure that we maintain price stability in the united states." Ben Bernanke said , Rick Santelli does not agree and says the debate will continue....Rick Santelli. He is the brave one standing, saying "the emperor has no clothes"

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