Saturday, October 23

Fed Official Sees Risks of More Persistent Inflation

 

Source: Fed Official Sees Risks of More Persistent Inflation

Discovered on: 2021-10-14 00:00:00

A Federal Reserve official warned in a speech Wednesday night of growing risks that supply-chain disruptions could keep inflation elevated for longer than forecasters have anticipated.

While monthly inflation readings should decline from high rates observed in the spring, “I still see a material risk that supply-related pricing pressures could last longer than expected,” said Fed governor Michelle Bowman in remarks prepared for delivery at South Dakota State University in Brookings, S.D.

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