February 17, 2009, 1:27 pm
Fed’s Bullard: U.S. Facing Risk of Sustained Deflation
The rising threat of deflation in the U.S. economy means the central bank needs to take unambiguous steps to counter expectations of falling prices, a central bank official said Tuesday.
“We face some risk - at this point only a risk - of sustained deflation,” in an environment where core inflation is already running “at zero to slightly negative rates,” Federal Reserve Bank of St. Louis President James Bullard said.
[more]
No comments:
Post a Comment