Saturday, Oct 07, 2006

Shame the BoE doesn't share the Fed's sense of purpose!

BBC: US Fed issues inflation warning

Federal Reserve chairman Ben Bernanke has warned that inflation is still too high in the US.
Inflation is "above what we would consider price stability", he told the Washington-based Economics Club.

However Mr Bernanke gave no indication whether interest rates would be raised further. A housing market correction would continue to dent growth, he said.

Posted by tyrellcorporation @ 11:40 AM (438 views)
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