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Fed's Harker says he worries inflation won't be as transient as expected

EconomyOct 01, 2021 12:16PM ET
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© Reuters. FILE PHOTO: Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo

NEW YORK (Reuters) - While he does not expect inflation to spiral out of control, Philadelphia Federal Reserve Bank President Patrick Harker said he is worried inflationary pressures may not be as transient as expected.

"I am in the camp of being more worried that inflation isn't as transient as we think," Harker said during a virtual event organized by the New Castle County Chamber of Commerce. The Fed official said some "supply chain constraints are pretty severe" and some business leaders expect it could be years before conditions return to pre-pandemic levels.

Fed's Harker says he worries inflation won't be as transient as expected
 

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Comments (2)
Alan Rice
Alan Rice Oct 01, 2021 5:43PM ET
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duh. -$28,500,000,000,000 !! ( coming to a town near YOU !! (and me))
la popeye
la popeye Oct 01, 2021 12:28PM ET
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one who is not blind...or one who does not want to lie anymore.All economist knew this was the beginning of the result of QE.Printing or ither fancy disguise name. So, like Trump said, every american will be rich, with hamberger at usd 49.99 today. tomorrow morning will be 59.99!!!!
 
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