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Weak inflation a worry but pressure likely building -Fed's Kaplan
May 31, 2017 / 1:48 PM / 4 months ago

Weak inflation a worry but pressure likely building -Fed's Kaplan

NEW YORK, May 31 (Reuters) - Weak recent inflation readings are a worry and suggest the Federal Reserve will make only “uneven” and slow progress toward its 2-percent goal, Dallas Fed President Robert Kaplan said on Wednesday.

Speaking with reporters, he added however that “price pressures are likely building” given U.S. unemployment has fallen, and noted that price data for April suggested a “return to trend” for inflation. (Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

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