RDQ’s Ryding Says Fed May Allow Inflation to Rise Above 3%

The Federal Reserve may let inflation exceed 3 percent as it keeps the main interest rate low to boost growth, said John Ryding, a former Fed researcher who is chief economist at RDQ Economics LLC in New York.

“The Fed’s saying that they’re going to be quite tolerant” about rising prices, Ryding said today in a radio interview on “The Hays Advantage” with Kathleen Hays and Vonnie Quinn.