Detailed text transcripts for TV channel - MSNBC - 20110405:13:29:00
And it's also seeming to indicate the $4 a gallon, here we come. it's a big concern. inflation numbers like that. it's so big it catches even the federal reserve's attention. ben bernanke speaking last night and in that speech he made some comments about inflation. he said he thinks inflation is transito transitory. he thinks it's going to go away and come back to normal at some point. he also said this. guys, get this. this is the phrase that the market picked up on, too. if he is wrong as his assumptions, the fed will have to act and act quickly to try and rein in liquidity. those comments m...