Bernanke near inflation target prize, but jobs a concern | Reuters

Bernanke near inflation target prize, but jobs a concern | Reuters

The Feds can tell us whatever they want the consumers know their wallets are empty and that inflation was actually higher than reflected since oil prices are not included and rose . Americans' savings have shrunken at the same pace as inflation has risen and it is likely that the 2 % target, which has not been met in December will be more like 5 - 6% as it is in the UK. Furthermore, the oil prices are likely to grow because of the sanctions against Iran thus consumers will have a lower purchase power and this will lead to a rise in prices. The camouflage in economic formula is not persuading the 99 %.