Will inflation stable in USA?

But now both these markets are assuming that in
flation will be stable, with real rates and price-earnings (P/E) multiples
reflecting that stability. And you do not get to go to heaven
twice for winning the war against inflation—the “peace dividend”
is paid just once, as the victory occurs, not year after year
in its aftermath. The governors of the Federal Reserve Board and the presidents
of the 12 regional Federal Reserve banks now have
shoulder the task of getting us through the next recession without
a deflationary spiral, and through the next bubble without
much damage to the financial system and the economy. Later
this book, we look at their ability to do this and propose a
for managing monetary policy that would be helpful to both investors
and the policy makers at the nation’s central bank.