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Wharton’s Siegel Urges Faster Taper After Nailing Inflation Call

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Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania, says “the public seems way ahead of the Fed” regarding inflation.

Source: Inflation
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The Federal Reserve needs to accelerate its timeline to tighten monetary policy because rising prices show no sign of easing anytime soon, said Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania.

Siegel, who last year predicted a run-up in consumer prices when few others did, expects 20% to 25% of cumulative inflation over two to three years in the U.S. until it subsides.