Direktlänk till inlägg 17 mars 2011
NEW YORK (Reuters) – The president of the New York Federal Reserve Bank doesn't normally face a raucous crowd.
But in Queens, New York, on Friday, William Dudley was bombarded with questions about food inflation, and his attempt to put rising commodity prices into a broader economic context only made things worse.
"When was the last time, sir, that you went grocery shopping?" one audience member asked.
Dudley tried to explain how the Fed sees things: Yes, food prices may be rising, but at the same time, other prices are declining. The Fed looks at core inflation, which strips out volatile food and energy costs, to get a better sense of where inflation may actually be heading.
So, Dudley sought an everyday example of a price that is falling.
"Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said referring to Apple Inc's latest handheld tablet computer hitting stories on Friday.
"You have to look at the prices of all things," he said.
This prompted guffaws and widespread murmuring from the audience, with one audience member calling the comment "tone deaf."
"I can't eat an iPad," another quipped.
(Reporting by Kristina Cooke; Editing by Jan Paschal)
Think you can improve upon the notoriously low response rate to banner ads? Then Saab has a challenge for you. The automaker Thursday launched a promotion on its Facebook Page where fans can write and star in their own Saab banners that are designe...
Across the universe dvd 3 disc High performance computing mac Computing synastry charts in astrolog Computing capital gains tax Education background for networking installer Port louis international networking ltd Orcid business computing Grid comput...
The Nokia X1-00 is designed to allow users in emerging markets to listen to music on their phone, Nokia said in a blog post on Tuesday. The X1-00 will cost about €34 (US$50) before operator subsidies and taxes. It has an MP3 player, a 3.5 mil...
CAPE CANAVERAL, Fla. – Space shuttle Discovery is on track for a Wednesday landing — its very last one. Commander Steven Lindsey and his crew will test the shuttle's systems Tuesday morning. Then the six astronauts will hold a ceremony ...
The storage software market recorded its fifth successive quarter of year-on-year growth at the end of 2010 with all five of the top-ranked players increasing sales during the quarter, according to estimates published on Monday. The storage softwar...
Må | Ti | On | To | Fr | Lö | Sö | |||
1 |
2 |
3 |
4 |
5 |
6 |
||||
7 |
8 |
9 |
10 |
11 |
12 |
13 |
|||
14 |
15 |
16 |
17 | 18 |
19 |
20 |
|||
21 |
22 |
23 |
24 |
25 |
26 |
27 |
|||
28 |
29 |
30 |
31 |
||||||
|