Inflation expectations up: Fed's Geithner

Timothy Geithner, the president of the New York Federal Reserve, has acknowledged that inflation expectations have risen in the US.

"Headline and core inflation have come in higher than anticipated, and inflation expectations have also moved up," said Geithner.

"If the risk of significant damage to growth from financial market pressures is attenuated and if global growth remains strong and drives a continuing rise in energy and commodity prices, then inflation may not moderate as much as we

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