MEXICO -- since expectations of inflation still linger, the United States has not completely vanquished the problem, said Jerry Jordan, president of the Federal Reserve Bank of Cleveland.

"We have yet not reached an environment where households believe that the rate of inflation in the future will be lower than it is today," Mr. Jordan said at a Press conference.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.