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Wharton's Jeremy Siegel explains why inflation may only cause a blip in bull run for stocks

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Jeremy Siegel: Jobs report shows difficulty hiring workers, not that there isn't enough demand for jobs. 'And I disagree with the president that the unemployment insurance is not having some effect on not taking the jobs.'

is forecasting a sharp rise in inflation over the next few years. However, the finance professor told CNBC on Friday that he doesn't expect it to harm the U.S. stock market.

"I believe in the next three, four years — cumulatively — we're going to have 20% inflation. Prices are going to be 20% higher three years from now, four years from now, than they are today," Siegel said in an interview on

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Maybe Siegel should work at McDonald’s since he thinks the pay is so good

Can we go somewhere today?

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