Inflation "will not remain above 2% beyond this year," Cleveland Fed President Sandra Pianalto says; commodity and oil prices would have to rise enough and persist long enough to spill over into a wide range of other consumer goods, and "so far, this has not happened." But slow economic growth means it could take five years for unemployment to fall to 5.5%-6%.
Inflation "will not remain above 2% beyond this year," Cleveland Fed President Sandra Pianalto...
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