The Average American Doesn't Stand A Chance

So, while I take those commodity price increases very seriously, I don't think they are primarily a dollar phenomenon.

In Testimony to House Panel, Ben Bernanke

As a result,

The Average American:



Headline: HIGHLIGHTS-Bernanke's testimony to House panel

BERNANKE: NO MAJOR SHIFT AWAY FROM THE DOLLAR:

"I just don't see at this point that there is a major shift away from the dollar. I would add also, on the commodity prices, that, first, that the fears of some foreign governments that we were, quote, manipulating the currency, by which one means that we were reducing the value of the dollar, has not come true. The dollar has not moved very much at all. And commodity prices have risen just about as much in other currencies as they have in terms of the dollar. So, while I take those commodity price increases very seriously, I don't think they are primarily a dollar phenomenon."

Source: uk.reuters.com