Just Amleth

Wednesday, July 11, 2007

Bizarre statements

As I was reading CNN Money, I came across the following statement:

Delivering a speech to the National Bureau of Economic Research, the Fed chief said "changes in energy [and food] prices should have relatively little influence on 'core' inflation, that is, inflation excluding the prices of food and energy."

I am sure there must be some hidden meaning in this seemingly obvious statement -- but for the life of me, I cannot quite figure it out.