Monday, January 17, 2011

Food and Energy Inflation

No hunger at the Fed

By Hossein Askari and Noureddine Krichene

Even though prices of sugar, wheat, corn, coffee, soybeans, and many other basic food, such as onions and cooking oil, rose at rates ranging between 60%-80% in 2010, this inflation seems to have been of little concern to the Federal Reserve.   LINK...