Fed doesn’t see inflation as an immediate threat
On April 7th, 2010, the Los Angeles Times reported that the minutes of the most recent meeting of a central bank committee show that it doesn’t plan to raise short-term interest rates any time soon but suggests it could quickly change course.
Members such as Janet Yellen, the president of the San Francisco Fed who is being considered for the Fed’s vice chairman post, have said in separate remarks that high unemployment and excess capacity in the economy mean more downward pressures on wages and prices.
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