US inflation a concern for McTeer

A recent rise in U.S. inflation has raised some concerns but Federal Reserve officials are not unduly worried, Dallas Federal Reserve Bank President Robert McTeer said on Thursday 20 May.

"It may be this is just some sort of temporary bounce back. ... It may go away and inflation may stay down. But you've got to be concerned when the numbers start showing some actual inflation," he told the Houston World Affairs Council.

McTeer said U.S. April producer prices, which rose 0.7 per cent month over