Fed Presidents Continue to Warn of Higher Inflation Rates

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

Written by: Unknown Author –

http://www.insidearm.com/news/00017144-fed-presidents-continue-to-warn-of-higher/

By Greg Robb, MarketWatch

Federal Reserve bank presidents kept up a steady drumbeat warning that higher inflation is the biggest threat to the economy from Hurricanes Katrina and Rita.

A slowdown in growth is viewed as temporary, while higher prices need careful attention, the officials said in three separate speeches Tuesday.

Richard Fisher, the president of the Dallas Federal Reserve Bank, said inflation is at the high end of the Fed’s comfort zone and is starting to appear stubborn.

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Fed Presidents Continue to Warn of Higher Inflation Rates

Unknown Author

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