Tom Harkin: “Some have been stated before by Senator Dorgan and Senator Conrad: "We don't see a connection between the numbers out…”

“Some have been stated before by Senator Dorgan and Senator Conrad: "We don't see a connection between the numbers out there and what we feel in our business. There is absolutely no inflation. There's no pricing power at all."--John Welch, Jr., chairman, General Electric. "There's no sign of pricing pressure anywhere . . . This economy can grow more than 2 or 2 rac{1}{2}", and we ought to let it do it."--John Welch, Jr., chairman, General Electric. "This is the most disappointing recovery we have ever seen . . . Each time we try to do a little better than 2.5% growth, we get slapped down by tight monetary policy. The recovery is lackluster and it shouldn't be."--Kent "Oz" Nelson, CEO of United Parcel Service (UPS). "Inflation is not a threat in the United States. Nor is it for the foreseeable future. It has been remarkably flat and will remain so unless the Fed or the markets begin spurring inflation with high interest rates. The old domestic indicators, while perhaps important in gauging certain narrow trends, no longer determine the broader inflation outlook."--James Robinson, former CEO of American Express. "At the Fed, the attitude is to avoid inflation at all costs. But out in the real economy, our people are concerned about the cost--the lost jobs, the lost profits and so on, which over time can be considerable."--Martin Regalia, chief economist, Chamber of Commerce.”