1.   Broaddus, a reputed inflation hawk, qualified that the Fed must always remain vigilant against signs of price acceleration.

2.   Bundesbank officials, including its inflation hawk Chief Economist Otmar Issing, have recently calmed talk of rate increases anytime soon.

3.   Broaddus is considered an inflation hawk.

4.   Moreover, inflation hawks still dominate the Federal Reserve Board, which tends to raise the overnight bank lending rate to keep growth from triggering increased inflation.

5.   On this count, there seems little to worry about as long as inflation hawk Alan Greenspan remains Federal Reserve chairman.

6.   Parry, who is widely viewed as an inflation hawk, is a voting member of the FOMC.

7.   Parry has long been known as an inflation hawk wary that fast economic growth could push up prices.

8.   Real Democratic populism, for example, might have meant appointing a Federal Reserve chairman committed to growth to replace inflation hawk Alan Greenspan.

9.   So both inflation hawks and doves at the Fed have plenty of ammunition as they debate whether to raise rates again.

10.   That goes hand-in-hand with increases in productivity, which should mollify inflation hawks.