Michael Pento tells King World News:
“The Fed is trying to deceive global investors into believing deflation is America’s primary concern and Bernanke insists on thinking a weak labor market will keep inflation at bay. To that end, the Fed Chairman explained why savers will continue to get the shaft by saying, ‘While conditions have certainly improved over this period, the pace of the recovery has been frustratingly slow, particularly from the perspective of the millions of workers who remain unemployed or underemployed.’ Translation, the Fed will keep printing money until doomsday.
And thanks to the government substituting out everything going up in price from their inflation calculation, the core rate of the Personal
"Consumption Expenditure Index (PCEPI) is actually falling...."