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

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

There are risks that inflation could heat up at bit and therefore the risk that the Fed might have to be a bit more vigilant than the market expects is the thing that makes me the most cautious.

Fed officials' comments point to the risk of faster inflation. We expect three or four more rate hikes this year.

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

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.