Critics of sustained easy monetary policy in the United States often cite the potential for a surge in inflation down the road.
The real problem right now though, according to BofA Merrill Lynch economist Ethan Harris, is actually the opposite – disinflation (positive, but falling inflation rates).
"For central banks," many of which have a 2 percent inflation target, says Harris, "this increases the pressure to maintain super-easy monetary policy."Disinflation Problem Around The World - Business Insider
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