Media Misleading Americans About Inflation

"Federal Reserve Chairman Ben Bernanke has been obsessing over the fact that the U.S. doesn't have any wage inflation, as a reason not to raise interest rates. As NIA has long been predicting for years, wages will be last to rise during the current inflationary crisis. If wages in the U.S. were rising at the same rate as energy, food, and clothing, price inflation wouldn't be a problem at all. The fact that wages aren't keeping up with rising prices should actually be a good reason to raise interest rates immediately."