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Fed's Mester not too concerned about inflation getting too high

Published 04/15/2021, 05:13 PM
Updated 04/15/2021, 05:15 PM
© Reuters. FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester poses during an interview on the sidelines of the American Economic Association’s annual meeting in San Diego

NEW YORK (Reuters) - Inflation readings are rising in the near term as companies struggle with supply chain disruptions and prices rebound from lows reached early in the pandemic, but price growth is likely to slow as time passes and those challenges are resolved, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.

"I'm not too concerned about inflation moving too high at this point," Mester said during a virtual conversation with college students. A modest increase in inflation expectations are not worrisome because expectations have been running below the Fed's target, Mester said.

Latest comments

and all of a sudden inflation will be out of control and they'll say "we never saw it coming"
f the fed
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