Guggenheim CIO says inflation of up to 4% could be a new normal

Bloomberg (gated) carries remarks from Guggenheim Partners Investment Management chief investment officer Anne Walsh, who spoke at the Greenwich Economic Forum in Connecticut on Tuesday.

In very brief:

• "We’re in a reflationary world for the first time in a while”
• when inflation returns to the Fed’s 2% target, policymakers “should probably take that ridiculous collar off and work within a range because I don’t think that level is something they can stay at for a long time”
• skeptical on China’s stock market

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I posted earlier on expectations for the week's US inflation report, core is still seen above 3%:

• US inflation data is due this week - here are 14 investment bank forecasts

More inflation?