10th September 2010
Inflation will increase in the US and other countries that have been injecting huge sums of money into recession-hit economies, which makes US bonds unattractive investment in the medium term, the chief economist at Chicago-based bank Northern Trust said. Inflation could begin to show itself as a significant headache for policymakers by 2011, which would require central banks to tighten monetary policy, Paul Kasriel told journalists at the bank’s offices in London’s Canary Wharf district. “The Federal Reserve.
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