Here’s Kasriel’s analysis and he’s calling for inflation to surge in 5-9 quarters from now.
http://www.ritholtz.com/blog/2014/09/seeds-of-u-s-inflation-are-sprouting/print/
Comments?
I've said all along that I agree with Bernanke (and now Yellen) that QE was the exact right thing to do... BUT exit timing is going to be imperative and difficult.
Ironically I actually think the slow churn pace of the economic recovery is helping them. If we had had a Reaganesque recovery boom the exit/unwind timing would be much much harder to get right.