Carney Laying Ground for Higher Inflation, Says Harrison
Government bonds retreated around the world after comments by Federal Reserve Chair Janet Yellen fueled concern that policy makers will tolerate faster inflation. As the outlook for inflation picks up, central bank policy makers have reiterated commitments to keep stoking prices to spur economic growth. Bank of England Governor Mark Carney said last week that he’ll tolerate an inflation-target overshoot, with Yellen echoing that sentiment, saying there are “plausible ways” that running the economy hot for a while could repair some damage caused to growth during the recession. BlackRock Chief Macro Strategist Rupert Harrison discusses with Francine Lacqua on "Bloomberg Surveillance."