If velocity and money multipliers were to revert to their pre-crisis levels, even gradually, this would imply a substantial acceleration in inflation, well into double digits. (us.beyondbullsandbears.com)
Lessening of wages growth would, on the other hand, enable faster growth without risk of acceleration in inflation. (rba.gov.au)
Though the Fed's post-meeting statement added a section highlighting that the economic outlook had strengthened in recent months, he reiterated the aim of gradually normalising monetary policy, while also pointing out the absence of signs of any imminent acceleration in inflation. (global.beyondbullsandbears.com)