Monday, April 2, 2007

Fed's Poole says main concern is inflation

(Reuters) - He said, however, that he expected inflation to moderate gradually and that the economic outlook could be stronger or weaker than the current outlook.

"Inflation is a major concern and if inflation were to head up in a convincing way from the current level, I could be in favor of a rate increase at some point," he told the New York chapter of the National Association for Business Economics, after a speech on inflation.


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