We told you earlier about the U.S. economic reports out today. Inflation is back or at least it looks that way according to the latest wholesale numbers. November's overall PPI rose to a 32 year high. But looking back at last week--the data suggested consumer inflation was tame. So--can the government's data really be trusted? Is inflation a risk or not? CNBC’s Liz Claman asked two of the nation’s most celebrated economists.
Jared Bernstein, Senior Economist at the Economic Policy Institute feels inflation is in the comfort zone.