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Chicago Fed's Moskow on the US economic outlook

In the speech 'U.S. Economic Outlook' given on 11 May Michael Moskow of the Chicago Fed said while the rate of U.S. inflation appears to be on the rise, the increase is not substantial enough to worry about. He also said the current degree of policy accommodation cannot be maintained indefinitely.

"A year ago, we were worried about unwelcome disinflation; that concern has now subsided. But I do not see broad-based pressures developing that would lead to a significant increase in inflation," he

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