Monday, 11 June 2007

Fed's Pianalto: Inflation trend too high in long term

(Reuters) - "Expectations can become unglued under some circumstances, even if the current inflation measures appear contained," she said, according to a speech text released in advance.




Rising oil and commodity prices in particular brought a risk of eroding the public's trust and that inflation expectations would move higher, she said, although the Fed thought energy price impacts would dissipate over time.


Read more at Reuters.com Business News

No comments: