Hat tip to Reader EBW:
His parallaxial vision allows Ben Bernanke to see economic strength where there is none, and NOT to see price increases when they are right in front of him.
“Economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually. Household spending and business investment in equipment and software continue to expand.
“Longer-term inflation expectations have remained stable, and measures of underlying inflation have been subdued.”