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Johnson: Don't Underestimate Inflation

A drop in food prices is keeping inflation from looking even worse, but an uptick there could force the Fed to act, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm here with Bob Johnson, he's our director of economic analysis. He thinks investors are underestimating the potential of inflation. We're going to dig into that a little bit more. 

Bob, thanks for joining me.