Pianalto says FOMC eyeing inflation risks

The Federal Reserve is keeping an eye on inflation because of a risk that price growth will not moderate as much as it had expected, Cleveland Federal Reserve president Sandra Pianalto said on Tuesday 27 March.

"We still see risks to the inflation environment," Ms. Pianalto said in response to an audience question after delivering a speech to a banking forum in Prague.

Pianalto told the forum policy makers had kept interest rates on hold for the past six meetings to let them gauge the impact of