Frank inflation warning from Bernanke makes investors nervous

From today's WSJ: A surprisingly frank inflation warning from Federal Reserve Chairman Ben Bernanke stoked fears of further interest-rate increases, adding to investor jitters and knocking the Dow Jones Industrial Average down almost 200 points to its lowest finish since March 9. Speaking at an international bankers' conference in Washington, Mr. Bernanke warned that inflation in recent months has been running "at or above the upper end of the range that many economists, including myself, would consider consistent with price stability." He said Fed policy makers would remain "vigilant" to ensure that recent inflation readings don't become the norm.

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