Waiting for Inflation? Might as Well be Waiting for Godot.

Interesting observation of statistics in a recent Bloomberg article by Caroline Salas Gage:

"During Bernanke’s tenure, the U.S. consumer price index has risen an average of 2.4 percent, lower than the 3.1 percent average for Alan Greenspan and 6.3 percent for Paul Volcker. Greenspan was chairman from 1987 to 2006; Volcker was Fed chief from 1979 to 1987."

Although the best turn of phrase in that article may have been when she quoted Mark Gertler's euphemism of "not fact-based".

"The criticism about the Fed being inflationary is not fact-based"