One of Sweden's biggest pension funds has arranged its inflation strategy around the Federal Reserve's view that price spikes will prove transitory, and says that, with a bit of hedging here and there, the approach has worked well.
Kristin Magnusson Bernard, the chief executive of Sweden's AP1 pension fund, says inflation will "also end up being a headache for central banks for a while." But for now, consumer price growth is "more difficult from a political view point" than from a monetary policy stance, she says in an interview in Stockholm.
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