Moderating Inflation Critically Dependent

Fed's Kohn Says Rates Set to Curb Prices, Spur Jobs (Update2)

The Reuters/University of Michigan Survey of households showed inflation expectations rising to 5.2 percent over the next 12 months, the biggest jump since 1982.

``My expectations for moderating inflation and limited spillover effects from commodity price increases depend critically on the continued stability of inflation expectations,'' Kohn said.

I'm sensing something wrong here. Maybe that's just me.