BofA’s Levy Says ‘Inflation Is Going Up’ and Fed Faces a ’Bind’
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Monetary stimulus is leading to a higher rate of inflation and the U.S. Federal Reserve will find itself in a “bind,” according to Mickey Levy, chief economist at Bank of America Corp. in New York.
“We are in the stage of seeing that now,” Levy said today in radio interview on “Bloomberg Surveillance” with Ken Prewitt and Tom Keene.