Inflation will remain the Fed’s greatest priority — with the banking crisis tightening credit, it may not need to raise rates much: Darrell Duffle

"The European Central Bank (ECB) recently raised interest rates by twice the normal amount and Christine Lagarde was praised by Larry Summers for not succumbing to ‘financial dominance’ — this means the fight to cure inflation should not take second chair to the need to protect investors and markets. Christine Lagarde was right to push ahead and I think the Fed will see inflation as its greatest priority," Duffle said.