Minehan sees US inflation rise as temporary

- Central Banking staff
- 20 Jul 2004

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Federal Reserve Bank of Boston president Cathy Minehan said on Monday 19 July that disappointing economic data in June was likely to be temporary and the recovery is now self-sustaining.

''There's been a little bit of a falloff in the June data -- the spending slowdown, and the employment slowdown, and the uptick in inflation -- we think all three things are temporary," Minehan said at a meeting of the New England Community Development Council at the University of Rhode Island in Providence.

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