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The truth behind Bernanke’s sudden inflation concerns

Posted June 4, 2008

“To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally.” — Dominic Frisby

Blogger’s note: Dominic Frisby, an editor at our British affiliate MoneyWeek, had some interesting things to say about Bernanke’s newfound concern over inflation. And I thought you’d enjoy a foreign perspective on the dollar’s demise. You can find the article here or read on for more.

by Dominic Frisby

Baltimore and London – (TFN): Has Federal Reserve chief Ben Bernanke suddenly turned into an inflation fighter?

To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally and for gold and other commodities to sell off.

But think about it for a second.

Have things really changed? Have we suddenly now turned a corner and are about to get Paulson’s oft-talked-about, but never-delivered ’strong-dollar policy’? Has anything actually been done?

In a word, no. Read on to learn why.

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Posted by Dominic Frisby · Filed Under US Stocks and Markets 

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