Economics
Fed’s Kaplan Expects Temporary Inflation Spikes During Recovery
- Dallas Fed chief speaks in Bloomberg Television interview
- Watching for excess risk-taking but not seeing systemic threat
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Bouts of higher inflation won’t be surprising and while they’ll likely be transitory, it’ll be something to watch closely, said Federal Reserve Bank of Dallas President Robert Kaplan.
“The temporary jump in inflation or rise won’t surprise me -- the question for me will be how persistent is it,” Kaplan said Tuesday in an interview on Bloomberg Television with Mike McKee. “For me the jury is out on that right now.”