
John Makin, an economist at the American Enterprise Institute, talks with Bloomberg's Kathleen Hays about Federal Reserve Chairman Ben S. Bernanke's speech today. Bernanke said inflation should ease later this year and in 2009, while warning that policy makers will act if price increases don't slow over the "medium term." They speak at the Kansas City Federal Reserve Bank's annual symposium in Jackson Hole, Wyoming. (Source: Bloomberg)
