The core is up 0.3 percent over the last year, and so there really is no inflation, ... In the first year of recoveries, consumer price inflation tends to fall as it did in the past 40 years. We believe inflation should not be an issue for the foreseeable future.

I wasn't affected by inflation -- I had nothing to inflate.

There are some fears about inflation but people are even more concerned about what's happening in the corporate credit market.

Investors are recognizing the fundamentals are still terrific, ... Profits are sound, the economy is growing. Inflation is not yet rearing its ugly head.

The Fed is erring on the side of fighting inflation and is willing to risk slower growth.

[Sen. Richard Cohen (DFL-St. Paul), who authored legislation calling for inflation to again be considered in state budget projects, was less tactful.] We knew that if you don't budget for inflation it will catch up with you, ... Three dollars a gallon for gas was not predictable, but rising costs were certainly predictable. We had an ostrich-buries-his-head-in-the-sand approach to the budget because we were trying to get through the session without admitting we had to raise taxes.