Fed's Paulson: Underlying inflation is too high

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Job market is stable right nowCommitted to getting inflation back to targetCommitted to ahving 'open mind' about monetary policy outlookSupported decision to hold at the last meetingENergy prices volatilie, data suggests it can be looked throughData suggests policy is 'mildly restrictive'If mon pol not restrictive enough, data will show sticky high inflationShe doesn't sound like she's ready to fight to raise rates but is leaning that way. The market is pricing in a 62% chance of a September rate hike. This article was written by Adam Button at investinglive.com.