The Guise of Deflation

The Fed is "worried" about deflation that doesn't seem to manifest its anywhere. This worry is comparable to a gambler “worried” about winning too much money. It’s a ruse.

Spot Commodity Prices: CRB Spot Index (1947 - Present);
16-Raw Industrial Spot Price (1935-1947);
Great Britain Wholesale Price of All Commodities (1885-1935):