Inflation at 53-Year Low Gives Bernanke Time to Press on With QE

Inflation at 53-Year Low Gives Bernanke Time to Press on With QE

Victor J. Blue/Bloomberg

Prices as measured by the personal consumption expenditures index haven’t fallen to the level in April since the period before an expansion that started in 1961 under President John F. Kennedy, according to the Commerce Department’s Bureau of Economic Analysis.