G7 inflation: Japan 3.2% (on sales tax hike), US 2.0%, Canada 2.0%, UK 1.5%, Germany 0.9%, France 0.8%, Italy 0.5%,
Is the plan (A&B) to inflate the debt away?
Fed projected "longer run" rate at 4%. 2% growth + 2% inflation. Fair enough?
Market pricing more in line with Fed now, waiting for Yellen...
Leave the ECB alone for now, its balance sheet continue to shrink and short term rates are negative.
