(Reuters) - In a speech before a Bundesbank conference on monetary policy strategy, Pianalto said that high commodity and oil prices, which have been pushing up inflation, risk undermining the public's trust in the central bank's inflation-fighting mettle.
"Since 2005, the three- to five-year moving average of U.S. inflation has hovered around 3 percent. This is above where I would like to see the trend settle in the longer run," she said.
Read more at Reuters.com Business News
"Since 2005, the three- to five-year moving average of U.S. inflation has hovered around 3 percent. This is above where I would like to see the trend settle in the longer run," she said.
Read more at Reuters.com Business News
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