NEW YORK (Reuters) - Temporary factors likely explain the low U.S. inflation readings and prices should rebound next year, Federal Reserve Chair Janet Yellen said on Tuesday, though she added that she and her colleagues at the central bank are not necessarily convinced and the trend could prove more long-lasting.
The Fed is "not certain" the "surprising" inflation weakness will prove transitory, she said at NYU Stern School of Business in New York. Yellen added she is "open minded" on what is behind the low-inflation conundrum.
(Reporting by Jonathan Spicer and Stephanie Kelly; Editing by Chris Reese)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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