Tuesday, May 15, 2007

Inflation still challenging -Fed's Minehan

(Reuters) - "All of these have occurred, yet the U.S. economy has performed in an extraordinarily smooth way, with GDP averaging 3 percent over that long period and unemployment down, at many times well below the level that was thought to be the harbinger of inflation when I joined the Federal Open Market Committee in 1994. Inflation itself, though certainly challenging at present, trending lower," she said.




Read more at Reuters.com Bonds News

No comments: