Fed’s Pianalto sees slow recovery, low inflation

PITTSBURGH, May 18 (BestGrowthStock) – The U.S. economy will
recover only slowly as stubborn unemployment curbs spending
plans and keeps inflation at bay, Cleveland Federal Reserve
Bank President Sandra Pianalto said on Tuesday.

“Our journey out of this deep recession will be a slow
one,” she told the Economic Club of Pittsburgh. “Recent
evidence I am seeing puts momentum on the side of disinflation,
at least in the short-run.”

Fed’s Pianalto sees slow recovery, low inflation