Economics

Fed Hawks Join the Chorus Playing Down Worries On Inflation

  • Vice Chair Clarida says temporary inflation won’t persist
  • Inflation message echoed by Evans, Mester, Rosengren, Bowman
WATCH: Federal Reserve Bank of Boston President Eric Rosengren talks about the outlook for the U.S. economy and monetary policy. (Source: Bloomberg)
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U.S. inflation is unlikely to get out of control despite the unprecedented government spending that’s been authorized in response to the coronavirus pandemic, Federal Reserve officials said.