Minehan sees US inflation rise as temporary

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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