December 2, 2006

IT ONLY EVER EXISTED IN THEIR HEADS:

Fed Official Sees Inflation Shift (BLOOMBERG NEWS, 12/02/06)

The vice chairman of the Federal Reserve, Donald L. Kohn, said last night that inflation trends seemed to be shifting “from up to down,” while risks were still “tilted to the upside.”

“The trend seems to be shifting and our expectation is that it will shift towards a gradual decrease,” Mr. Kohn said in response to a question after his speech at the Federal Reserve Board’s International Monetary Conference.


Posted by Orrin Judd at December 2, 2006 10:40 AM
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