Fed's Bernanke sees no U.S. inflation risks: Nowotny
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told global policymakers he sees no risk to inflation in the United States, European Central Bank Governing Council member Ewald Nowotny said on Saturday.
Summing up presentations to an International Monetary Fund meeting, Nowotny told reporters Bernanke had given a "very optimistic" portrayal of the U.S. outlook.
"They see absolutely no danger of an expansion in inflation," Nowotny said. Bernanke had said U.S. inflation should be 1.3 percent this year.
Fed forecasts put inflation by the end of this year in a range of 1.3 to 1.7 percent. In the 12 months through February, inflation was 1.3 percent.
- Investigators look for motive in Malaysia plane disappearance |
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Police make third arrest in murder of Colorado socialite
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources