But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
Well, I think the global economy is in the position for continuing good growth with inflation well in check.
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
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