"When the Federal Reserve's interest-rate-setting committee meets on Tuesday to consider whether to change its monetary policy, it will likely be forced to alter the way it views the economy. It will probably rewrite its dismissal assessment of unemployment, which has fallen, and acknowledge that the economy seems to be picking up. But will it also admit that the whiff of inflation is much stronger?" Read more. "How Long Can the Fed Continue to Downplay Inflation?" Charles Wallace Daily Finance, March 15, 2011. Image by Arvind Balaraman / FreeDigitalPhotos.net.