Fed's Evans doesn't fear pushing inflation to 2.5% for brief period
Evans answers questions:
- Fed could get in 'lot of trouble' trying to prick a bubble
- It's hard to identify bubbles
Are there really people out there worried by inflation? Runaway price and wage rises for a period would be about the best thing that could happen to the US. They could help to rebalance the economy, clear some debts and then be easily reigned in with higher interest rates.