Deep Tide TechFlow News, March 11, UBS Chief Economist Paul Donovan pointed out that although the U.S. Consumer Price Index data for February came before recent market turbulence, it remains crucial for Federal Reserve policy making. He expects that the underlying inflationary pressures reflected in today's data should be moderate and believes the Fed should only respond to broad price increases. Donovan emphasized that the Federal Reserve lacks policy tools to address isolated market disturbances. He also stated that the nearly 27% increase in gasoline prices from January's lows will not be reflected in today's data, but consumers will notice the surge in prices of some grocery items. (Jin10)