Fed Policies Can Hold Down Inflation

Fed Policies Can Hold Down Inflation - Official

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015856-fed-policies-can-hold-down-inflation-offi/

By Ros Krasny, Reuters

Prospects for core U.S. inflation look favorable over the medium term but the Federal Reserve must ensure price pressures from energy costs and the labor market do not get out of control, San Francisco Fed President Janet Yellen said on Tuesday.

Continuing the tough talk that has characterized Fed officials’ recent comments, Yellen suggested the central bank would continue its policy of gradual interest-rate increases to head off inflation pressures.

“One option that clearly is not on the table is allowing an unacceptable rise in inflation,” she said in remarks to a community leaders’ luncheon, repeating comments she made on Sept 27.

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Fed Policies Can Hold Down Inflation - Official

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