By Dian L. Chu, EconForecast Ever since the Great Recession, inflation has been put on the back burner, and deflation is seen as the greatest risk to the U.S. economy. Even as recent as Friday, Jan 7, Federal Reserve Chairman Bernanke told the Senate Budget Committee that low inflation/deflation was a concern, as well as unemployment (more on the jobs situation here.) Deflation Concern Lead To QE2 In fact, Bernanke said the continuing high unemployment and low inflation had prompted the Fed’s decision to purchase another $600 billion of U.S. government debt (QE2) to further…
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