Fed Official Says Inflation Will Be Temporary, Like The Toilet Paper Shortage Last Year

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The head of the Boston Federal Reserve Bank said that inflation will increase, but that it will be as temporary as the pandemic-induced toilet paper shortage last year.

Inflation isn’t a concern even as prices across the economy continue to rise, Boston Federal Reserve President Eric Rosengren said during his remarks at a Boston College webinar on Wednesday. Rosengren also pointed to recent economic growth and job creation as reasons for optimism.


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