Expected inflation looks tame, too (see chart).

预期通货膨胀看起来也很温和(见表)。

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Some are also using commodities—gold—to hedge against higher expected inflation.

有些国家还动用储备商品（黄金）以对冲高过预期的通胀。

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Could QE succeed too well, by driving expected inflation up to dangerous levels?

QE政策如果执行的过头，是否会将通胀预期升至危险的水平？

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Mervyn King also said the Bank expected inflation to remain high over the next year.

BBC: UK unemployment total rises again

More important, however, current inflation rates matter far less to monetary-policy makers than does expected inflation.

ECONOMIST: The economy

In May, households surveyed by the University of Michigan expected inflation in the year ahead of 4.1%.

WSJ: Slowing Inflation Cheers Fed