San Francisco Fed: Inflation Will Be Rising Through 2015

From Real Time Economics' Grand Central post:

...San Francisco Fed: U.S. Inflation Will Likely Remain Low Through 2015. U.S. inflation should remain well below the Federal Reserve’s 2% target through the end of 2015, two economists at the San Francisco Fed said Monday in a new research paper. But if public expectations for inflation remain well-anchored at the Fed’s goal and if the inflation effects of the long-term unemployed are excluded, core prices will rise “at a relatively fast pace, surpassing 2% by the end of 2015,” they said....