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Fed’s Kaplan Expects Temporary Inflation Spikes During Recovery
Bouts of higher inflation won’t be surprising and while they’ll likely be transitory, it’ll be something to watch closely, said Federal Reserve Bank of Dallas President Robert Kaplan. “The temporary jump in inflation or rise won’t surprise me -- the question for me will be how persistent is it,” Kaplan said Tuesday in an interview on Bloomberg Television with Mike McKee. “For me the jury is out on that right now.” A recovery from the Covid-19 pandemic this year, bolstered by vaccine distributions and increased economic activity, will drive growth, lower unemployment and probably propel some increase ... (full story)