Fed Governor: Inflation Expectations Well Contained Amid Low Inflation Rates

A former Federal Reserve governor has argued that inflation expectations are 'well contained,' according to Fox Business. The statement comes as the US is experiencing a period of low inflation, with the Consumer Price Index (CPI) rising at an annual rate of 6.5% in June.

According to the former Fed governor, the current inflation rate is within acceptable levels and is not a cause for concern. However, some economists have expressed caution about the potential risks of low interest rates and easy monetary policy on the economy.