Eventual Inflation Still a Concern

Seeking Alpha articles responds to Janet Yellen's (Chairman of the San Francisco Fed) comments on deflation as the bigger concern.

But it is clear that Yellen thinks the Fed should err on the side of accommodation. The mantra: ‘Don’t fire monetary policy bullets until you see the whites of inflation’s eyes.’ To me this means that eventual inflation risk is real despite Yellen’s present fears of deflation.