We’re seeing a little bit of upward pressure on inflation but it’s not yet enough to spark a big concern in the market.

The speculators had driven this inversion, and suddenly a couple of weeks ago it started to go into reverse and it’s just now accelerating at a very rapid pace and I think that’s all it...

There’s talk of an earthquake in the Gulf of California. This is pushing bonds up.

The bond market doesn’t like this post-Rita reaction. That’s what started it today.

Bernanke is probably the best qualified … He is very well known for his inflation targeting and that, I think, is the biggest change that most people see between the two governors.

The data on the real side of the economy supports rate hikes.