Inflation is in supply and will decline, says Chicago Fed chairman

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Evans also said that the US central bank should start reducing monthly asset purchases soon

the president of Federal Reserve of Chicago, Charles Evans, said on Tuesday that he continues to believe that the bottlenecks of offer they are behind most of the recent rise in inflation, and while it is higher and may last longer than initially estimated, it will decline.

Inflation projected in 3,5% a 4% this year “it reduces income, wages and so that’s a problem and we’re definitely monitoring that, but it’s not really a monetary policy issue, it’s a matter of infrastructure, supply right now,” Evans said in an interview with CNBC.

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palheta smll Inflation is in supply and will decline, says Chicago Fed chairman

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