Inflation Worries

Today it was reveiled that Dallas Fed President Richard Fisher said the central bank needed to be vigilant in fighting off high inflation. This triggered worries that the Fed's rate-hike campaign won't be ending anytime soon. Fed officials are worried about inflation rather than slowing growth. Manufacturing reports of post huricane Katrina and Rita show that the economy is doing "ok."

Do you believe that we need to worry about inflation rather than the growth of the economy? It seems to me that inflation is beginning to run wild with itself and there is no telling when it will stop, if ever.

Eric Dowler