That allows the Fed to hold back its firepower for when things really start to look ugly, while at the same time hedging the inflation risk. (oldprof.typepad.com)
My house fell ~ 40 % in value 18 months after I bought it in 1980 wiping out my down payment and then some, so much for hedging inflation huh? (canadiancapitalist.com)
Part of the misunderstanding that stocks hedge inflation has come from academic's love of measuring everything in «real» terms (after inflation is removed). (retailinvestor.org)