Rupkey Says Gasoline Price Rise Won’t Hinder Recovery

The employment rebound in the U.S. suggests the economy will be strong enough to withstand recent increases in gasoline prices, said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd.

“There’s a lot of momentum here,” the New York-based economist said in an interview on Bloomberg Radio’s “The Hays Advantage” with Kathleen Hays and Vonnie Quinn. Gasoline price gains so far are “not enough to take anything off the economy at this moment,'' he said.