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MNI INTERVIEW: Fed Contacts Less Sanguine On Inflation–Tallman

(MNI) Washington

Supply chain disruptions are also making inflation forecasting more difficult, the Cleveland Fed's research director tells MNI.

Elevated U.S. inflation should begin moderating later this summer although concern from business leaders suggests it could take even longer to get consumer prices under control, Cleveland Fed research director Ellis Tallman told MNI.

“It’s incredibly volatile. When I talk to people who are actually doing the business, you get a less sanguine view of when that turnaround is going to be,” Tallman said in an interview.

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Elevated U.S. inflation should begin moderating later this summer although concern from business leaders suggests it could take even longer to get consumer prices under control, Cleveland Fed research director Ellis Tallman told MNI.

“It’s incredibly volatile. When I talk to people who are actually doing the business, you get a less sanguine view of when that turnaround is going to be,” Tallman said in an interview.

Keep reading...Show less