Tags: Feds Fisher Low US Inflation Isn’t a Concern

Fed's Fisher: Low US Inflation Isn’t a Concern

Wednesday, 01 Dec 2010 03:20 PM


The low rate of U.S. inflation is not a cause for worry, a top Federal Reserve official said on Wednesday.

Calling himself an inflation hawk, Dallas Fed President Richard Fisher told a central Texas audience that he's not personally concerned about the low rate of U.S. inflation.

It was a falling inflation rate, along with a stubbornly high unemployment rate, that prompted the U.S. Fed to decide last month to buy $600 billion of Treasuries to help boost the economy.

Fisher, who opposed the Fed's recent move, said he also did not expect an increase in inflation until the economy got moving again, but said he did see inflationary pressures coming down the pike from commodity demand and wage hike pressure in China.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved