Fed's Paulson warns commodity price gain may hit price expectations

NEW YORK, March 27 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said Friday that it's possible surging energy prices will hit inflation data faster right now.

Given that the jump in energy prices is coming on the back of already high inflation, “I think there's a little bit more of a risk that the transmission of higher fuel prices, higher fertilizer prices, into inflation expectations is, you know, faster and maybe a little bit more durable. So I'm worried about that,” the official said at a conference held at the San Francisco Fed.