A Federal Reserve official warned in a speech Wednesday night of growing risks that supply-chain disruptions could keep inflation elevated for longer than forecasters have anticipated.
While monthly inflation readings should decline from high rates observed in the spring, “I still see a material risk that supply-related pricing pressures could last longer than expected,” said Fed governor Michelle Bowman in remarks prepared for delivery at South Dakota State University in Brookings, S.D.
Read more on wsj.com