Moody's Chief Economist: Inflation Won't Hit Number 'Closer to' Fed Target that Anyone's 'Comfortable' with for Another Year

On Monday's broadcast of CNBC's "Closing Bell: Overtime," Moody's Analytics Chief Economist Mark Zandi stated that inflation getting to a level "anyone feels comfortable with" that is "closer to" the Federal Reserve's target is "not going to happen before the end of the year, that's something that won't happen until this time next year."