Dudley: Inflation? Not on iPads
It's not too hard to see where the New York Fed President stands, given his memorable comments on the iPad 2 just a month ago.
Speaking in Queens, N.Y., William Dudley's dovish comments about inflation sparked audience guffaws, when he used the example of an iPad 2 to explain how rising prices aren't a problem for the economy.
"Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said. "You have to look at the prices of all things."
An audience member hollered back, "I can't eat an iPad."
Speaking in Queens, N.Y., William Dudley's dovish comments about inflation sparked audience guffaws, when he used the example of an iPad 2 to explain how rising prices aren't a problem for the economy.
"Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said. "You have to look at the prices of all things."
An audience member hollered back, "I can't eat an iPad."
NEXT: Kocherlakota: Middle of the road
Last updated April 26 2011: 2:45 PM ET
Lights, camera, Bernanke!
