Ben Bernanke in Reuters I don't anticipate stagflation,Bernanke said under questioning by the Senate Banking Committee. "I don't think we're anywhere near the situation that prevailed in the 1970s. I do expect inflation will come down."
Alan Greenspan in San Francisco Chronicle Core inflation is up. Wholesale prices had their highest increase I think in a generation. That raises the specter of stagflation again,said Greenspan, referring to a simultaneous stagnant economy and upward pressure on prices.