Chicago Fed chief: low inflation to keep rates low

Chicago Fed president Michael Moskow said on Monday 22 March that concerns that inflation will soon accelerate are "premature" and he was optimistic about the economic outlook.

''Inflation rates are unlikely to increase significantly,'' Moskow said in a speech to risk managers in Chicago. ''With inflation low, the Fed can be patient in removing its policy accommodation.'' Moskow is a non-voting member of the Federal Open Market Committee, which sets the level of interest rates.

Moskow said the