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The Fed's inflation and asset price conundrum

Low levels of inflation and declining inflation expectations justifies the Fed's softly-softly approach towards policy normalisation. But the same softly-softly approach is blowing more hot air into asset markets.

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Read more: TEDCPINAIRUPCEChair Janet YellenIMFJohn Maynard KeynesLIBOROECDOxford EconomicsTreasury Inflation-Protected SecuritiesUS Federal ReserveVIX