Bruce Steinberg Inflation Quotations

We believe the Fed is done. But even if the Fed is done, it will continue to talk tough, stressing inflation risks, in part to keep markets from going to far too soon.

We don't have any inflation problem. The CPI was a one-time aberration.

In the first year of every recovery, inflation has fallen; and we think the core CPI will fall to 2 percent by year-end.

This is a great PPI number. We have literally no wholesale inflation in the U.S. economy. The PPI went down, the core PPI was unchanged, and over the past year wholesale prices measured by the core PPI are barely up at all.

The complete lack of inflation puts the Fed in a bind. Recent remarks by Fed officials make it seem that they are hell-bent on tightening. But there is not much of a rationale that comes out of recent data.