1
September
Inflation Will Accelerate Next Decade, Economists Say
1 September 2009 Bloomberg.com
The Federal Reserve will be unable to prevent the trillions of dollars in government stimulus pumped into the U.S. economy from stoking inflation over the next decade, a survey of business economists showed.
The price gauge tracked by the central bank will rise 3 percent a year on average from 2014 through 2018, according to the median estimate in a poll taken by the National Association for Business Economics. The rate exceeds the 2 percent pace that the respondents said was the Fed’s unofficial target.
http://www.bloomberg.com/apps/news?pid=20601103&sid=awguLss.uevA
