Lindsey, David E.; Orphanides, Athanasios; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2004
)
Vice Chairman Volcker...I’m impressed by the degree that inflation is now
built into thinking in terms of the business … it on the up side. But I do think that’s a reasonable
approach as we watch both the aggregates and the business news in … timing problem. Difficult or not we
have a timing problem if the business outlook develops more or less as
projected, in …