Allan Meltzer, the Fed historian and professor of political economy at Carnegie Mellon University, talks with Bloomberg's Kathleen Hays about U.S. inflation risk and Federal Reserve policy. Meltzer also discusses the U.S. housing market and the outlook for banks. They talk at a conference of the National Association of Realtors in Washington.
Housing market hasn't bottomed... I am worried about inflation two years from now... Fed should slow rate at which it increases the money growth