If you listened to Ben Bernanke's testimony between last week and this week, you were told repeatedly that he is not worried about inflation.
Here are some charts that his analysts must have missed - Perhaps they're spending their time hanging out with the SEC boys surfing the web, but either way they should probably bring these to Ben's attention sooner rather than later.
Not Money's Reaction to Ben Today
Not Money's Performance Since Bernanke Began In 2006
EUR/USD Since Bernanke Began In 2006
Oil's Performance - The Most Stealth Tax of All... "Transitory" of Course
And Finally, M2 -- But Don't Worry, They Have Mechanisms In Place To Pull This Back (wink)
On second thought, I think Ben is right - no inflation is around the corner. Sleep well America.