While the prospect for short-term inflation is muted, the risk in the longer (over the next 3 years) term is not. FOMC has controlling inflation as its goal, but the American people simply will not tolerate tightening to control inflation (if it surfaces) in the face of 8% or greater unemployment in the 2010 and 2012 election cycles. READ THE FULL POST THRU THE LINK BELOW:
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