Outside of energy inflation is clearly not a problem. This is yet another signal that the Fed should cut interest rates (while still keeping the velocity of the money supply tight).
NEW YORK (AP) - Wall Street barreled higher again Friday after the week's most anticipated economic reading indicated that inflation excluding the price of gas ( Read more... )

No surprises hereHousing and investment are dragging down the growth numbers, as expected, but so too is federal spending. (Take that Democrats who keep lying about the deficit.) Yep, reductions in federal spending make the nation's GDP growth go down. This is a good thing long term, of course. Once the budget is in balance there will be less ( Read more... )

I propose that the just-announced rate hike is once again evidence of the Fed trying to look busy.
WASHINGTON (Reuters) - In their first meeting under new chief Ben Bernanke, Federal Reserve officials lifted a key U.S. interest rate a 15th straight time and said credit costs may have to go higher still, given inflation risks ( Read more... )

From a speech on deflation.

Good:

Fiscal Policy ( Read more... )

http://www.usatoday.com/money/economy/fed/2005-10-24-greenspan-successor_x.htm?csp=34Read more... )