Bill Clinton: “Well, I agree that there's no evidence that inflation is coming back into the economy. There is still a kind of a gap…”

“Well, I agree that there's no evidence that inflation is coming back into the economy. There is still a kind of a gap between short- and long-term rates, so it may be that--if they make that decision on short-term rates, what I hope is that it won't raise long- term rates, because there's no need to do it. And I hope that the stock market won't take an adverse view because we've still got good, strong growth in this economy. But we want to manage it with real discipline, that is we don't want to have one of these roller coaster things. We want the economy to grow in a very stable, solid way. And obviously, low interest rates are critical to that. I consider that part of the kind of compact we've all made where we'll continue to reduce the deficit, and we've got to keep inflation down and interest rates down so that people can afford to borrow money and invest. Northern Ireland”