Fed's Reinhart: Draw firm line on inflation

Top U.S. Federal Reserve staffer Vincent Reinhart said on Friday 9 June that experience tells us it is important to draw a firm line in the fight against inflation.

Reinhart, Director of the Division of Monetary Affairs at the Fed, told a panel discussion on global imbalances that import price pass-through should not prove lasting, provided expectations stay under control.

"As long as inflation expectations remain contained, relatively faster growth in prices of imported goods for a time would