Cleveland Fed chief sees sustainable expansion

Cleveland Federal Reserve President Sandra Pianalto told a business conference on Thursday 7 October that the U.S. economy appears to be in a self-sustaining expansion, with both inflation and inflation expectations low.

"During the most recent four quarters, GDP (gross domestic product) growth has picked up and is now running at a more solid pace, between 3-1/2 and 4 percent," Pianalto told a Cincinnati USA Partnership business conference.

Energy costs can be inflationary "but today I am not

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