WASHINGTON, July 27 (Reuters) - International Monetary Fund
chief economist Gita Gopinath said on Tuesday that high
inflation readings are mostly a U.S. phenomenon and are expected
decline next year, adding that she would be concerned if
medium-term inflation expectations rise.
"Next year, in terms of what would be concerning, it would
be if we saw medium-term inflation expectations, de-anchoring,"
Gopinath told a news conference on the IMF's economic outlook.
"So if they were moving kind of durably away from the Fed's
2% target and moving away in a way that we haven't seen before,
then that would absolutely give, you know, cause for concern,"
she said.
(Reporting by David Lawder; Editing by Dan Grebler)