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Given expected inflation premiums of 7.8%, 21.6%, and 31.4% in the next 3 years respectively, should the FED be concerned with inflation in the near

  1. Given expected inflation premiums of 7.8%, 21.6%, and 31.4% in the next 3 years respectively, should the FED be concerned with inflation in the near term (first year), interim period (second year), or longer term (third year) period?

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