Inflationary expectations on the rise

Fed’s Fisher Says U.S. Inflation Expectations Rising

By Steve Matthews -

Federal Reserve Bank of Dallas President Richard Fisher said market expectations for U.S. consumer prices have surged following the Fed’s decision to purchase mortgage securities last week.
“I do not see an overall argument for letting inflation rise to levels where we might scare the markets,” Fisher said...
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Comment: Once inflationary expectations take hold, they become a self-realizing prophecy.