Worry of lurking inflation raises rate questions - 2004-03-30
Data indicating rising inflation have some economists wondering if the Federal Reserve has kept interest rates too low for too long.

Inflation isn't the only concern. Low interest rates have kept mortgage rates at historic lows, which has fueled strength in the housing market. A small number of economists, including Paul Kasriel at Northern Trust, are nervous the Fed is "aiding and abetting" a housing market that might be getting too strong, putting it at risk of a downturn.
Read the full story at USA TODAY

House price growth 'stronger than expected' - 2004-03-30
Property prices surged by 16.7% over the last year and, with a hike of 1.4% between February and March, are continuing to climb, according to Nationwide's monthly house price index.

In fact, inflation has been so strong since the start of 2004 that the mortgage lender has revised up its forecast for the UK percentage price rise in 2004 from 9% to 15%.
Read the full story at Guardian Unlimited