Wharton finance professor Siegel warns on US inflation - a much bigger problem than the Fed believes

CNBC had this piece re Wharton finance professor Jeremy Siegel concerns on the rising CPI:

• “We’re headed for some trouble ahead”
• “Inflation, in general, is going to be a much bigger problem than the Fed believes.”
• “There’s going to be pressure on the Fed to accelerate its taper process ... I do not believe that the market is prepared for an accelerated taper.”

Link here (may be gated)

The latest inflation data from the US, Friday:

• US August PCE core inflation +3.6% vs +3.6% y/y expected

Its certainly taking its time to be transitory .... sheesh.