A trio of prominent economists on Friday said they were worried the Federal Reserve is taking its eye off the risks of higher inflation. Although there is little actual evidence, the theory that too many jobs can boost wages and then selling prices — a relationship known as the Phillips Curve — “is not dead,” the economists said. “The Fed should not be complacent about inflationary pressures,” the economists said. The paper was written by Peter Hooper, global head of economic research at Deutsche Bank Securities, former Fed Governor Richard Mishkin and Amir Sufi, an economics professor at the University of Chicago ... (full story)