Fed Ignores Inflation With ‘Uber’ Stimulus, Pond Says: Tom Keene

The Federal Reserve is ignoring the risk of inflation even as rising commodity prices make investors wary, according to Michael Pond, co-head of interest-rate strategy at Barclays Plc.

“The Fed is looking at inflation trending down -- the rest of the markets are looking at inflation starting to pick up a bit,” said Pond, whose firm is one of 20 primary dealers that trade with the Fed, in a Bloomberg Radio interview on “Bloomberg Surveillance” with Tom Keene. “We think that core CPI has now bottomed.”