Bloomberg.com: Top Worldwide: "Sept. 7 (Bloomberg) -- Rising inflation pressures need to be addressed with ``appropriate'' increases in interest rates, even though Hurricane Katrina may temporarily slow the rate of growth the rest of this year, Federal Reserve Bank of Chicago President Michael Moskow said.
``I'm concerned about core inflation running at the upper end of the range that I feel is consistent with price stability,'' Moskow said in the text of remarks to the Futures Industry Association meeting in Chicago today. ``Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained.'' "
``I'm concerned about core inflation running at the upper end of the range that I feel is consistent with price stability,'' Moskow said in the text of remarks to the Futures Industry Association meeting in Chicago today. ``Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained.'' "
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on Wednesday, September 07, 2005 at 11:23 AM.
