Chicago Fed president Evans sees low risk of high persistent inflation in 2022 and beyond

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25 May 2021

Chicago Fed president Evans sees low risk of high persistent inflation in 2022 and beyond

Says that recent rise in inflation expectations is welcome
Recent increase in inflation not a precursor of undesirable high inflation
Reiterats that Fed's accommodative policy has his full support
Inflation expectations are not signaling inflation is spiralling out of control
It won't be easy to cut through effects of temporary supply constraints to see underlying inflation dynamics

U.S.: Richmond Fed Manufacturing Index, May 18

U.S. home price growth accelerates more than forecast in March - S&P Dow Jones Indices

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