Economics
Pimco’s Roman Sees U.S. Inflation Remaining Low for Years
- Fed won’t hike rates for a while, learning lesson from past
- Powell deserves credit for swift intervention amid pandemic
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Inflation in the U.S. is likely to come back slowly, keeping the Federal Reserve from raising interest rates for an extended period, according to the chief executive officer of Pacific Investment Management Co.
Over the next couple of years, prices are likely to increase to the 2.3% to 2.4% level, Emmanuel “Manny” Roman said Tuesday at the Bloomberg Invest Global virtual event. The central bank has learned its lesson from past interest rate increases and won’t want to risk another market “tantrum,” he said.