Reserve Bank of Minneapolis President Narayana Kocherlakota warned Tuesday in a Rochester speech that said the central bank is not fulfilling its duties." Below-target inflation signals the "significant problem" in the U.S. economy, Kocherlakota said: "Resources are being wasted."
http://www.bizjournals.com/twincities/blog/banking/2014/04/inflation-is-too-low-minneapolis-fed-chief-argues.html
Beef prices have reached all-time highs in the U.S. and aren't expected to come down any time soon.
"We've seen strong prices before but nothing this extreme," said Dennis Smith, a commodities broker for Archer Financial Services in Chicago. "This is really new territory."
http://www.latimes.com/business/la-fi-beef-prices-20140406,0,2966247.story#ixzz2yOSdBM3V
http://www.bizjournals.com/twincities/blog/banking/2014/04/inflation-is-too-low-minneapolis-fed-chief-argues.html
Beef prices have reached all-time highs in the U.S. and aren't expected to come down any time soon.
"We've seen strong prices before but nothing this extreme," said Dennis Smith, a commodities broker for Archer Financial Services in Chicago. "This is really new territory."
http://www.latimes.com/business/la-fi-beef-prices-20140406,0,2966247.story#ixzz2yOSdBM3V