"We have a responsibility to make sure inflation does not get out of the bag," Fisher told attendees at a luncheon held by the Dallas Fed in McAllen, Texas. "I am among those ... that believe we still have some more work to do on that front," Fisher said.
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He said of the U.S. economy, "I believe that we will continue to grow, and the pace of growth will pick up as we go through the year."
In his remarks to the audience, Fisher said that a measure of inflation produced by the Dallas Fed, the trimmed mean personal consumption expenditure rate, remains too high for his taste.
As reported by Dow Jones news