Or why Ben Bernanke is telling congress that the Fed is more worried about unemployment and growth than inflation. HT: Economix.
Ah, but what about expected inflation you say (as any good macro student should), well here you go:
The picture is messed up, but I am too old and technologically incompetent to fix it. Sorry.
Ho ho!! Look at this old dog figuring out how to fix it. I converted it into a PDF and then back into a JPEG. That got the white background I needed. I know, Photoshop. But I don't have photoshop. What I have are my wits and they are fading fast...