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Bernanke says he thinks inflation will come down later this year

Federal Reserve officials have been leery about sounding too optimistic about inflation, having been burned last year for arguing that high inflation readings were going to be “transitory.” Into the breach stepped former Fed Chairman Ben Bernanke, who said Monday what his former colleagues dare not say. “I guess that I still tend to believe that some of these forces pushing up inflation like the supply chains, like the preference for durable goods or services and some of the commodity price increases gas prices and so on, that they will at least stabilize and begin to moderate sometime during this year which would mean that inflation will come down to some extent, not saying by itself, but without the Fed’s direct intervention,” Bernanke said, in an interview with CNBC.