Fed's McTeer unconcerned over US inflation

There are no concerns about inflation emerging even as the U.S. economy is growing "on all cylinders," said Robert McTeer, the president of the Federal Reserve Bank of Dallas.

"I am not worried about the inflationary implications yet of the very rapid growth in the economy that we have had in recent months," McTeer said on Monday April 12 in an interview on the CNBC cable business news channel.

"We've got a very healthy economy right now with good growth, job creation, and inflation still under