Fed Must Reassure Markets on Inflation... says Martin Feldstein who explores the reasons why long-term interest rates have increased even though the Fed is buying long-term government bonds to keep rates low... worries that there will be a surge in inflationary lending when the economy begins to expand... recommends the fiscal deficit to be reduced by reducing the social spending advocated by Obama in his election campaign, & for the Fed to reassure that it will not tighten too soon but will raise short-term rates only when the economy begins to expand... may need to register (free)... http://www.ft.com/cms/s/0/6f7526a0-6410-11de-a818-00144feabdc0.html