Friday, Fed Vice Chairman Richard Clarida said inflation data later this year will be key to determining whether the inflation rate expected in the coming months is temporary or permanent.
Fed Chairman Jerome Powell has said that inflation may rise this year due to bottlenecks but this price pressure will not last.
Clarida said the Fed’s forecast is that inflation will rise above 2% for some time this year and “inflation will return by the end of the year to around 2%.”
“We expect those things to be temporary and as this year passes and we move into next year, if not, then we have to take it into account,” Clarida said on Bloomberg TV on Friday. there, ”Clarida said on Bloomberg TV on Friday.