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Fed’s Fisher: Commodity price increases are ‘worrisome’

Posted on 05 May 2011

Richard FisherA Federal Reserve official who has been a vocal critic of the current course of monetary policy warned Wednesday central bankers must ensure surging commodity prices don’t fuel a broad-based inflation surge.

Citing a “worrisome” rise in some price classes, Federal Reserve Bank of Dallas President Richard Fisher said “as of now, the higher gas and commodities prices have not translated into more general price inflation numbers.” But he added “my gut … tells me that we must not become complacent on this front.”………………………………………Full Article: Source


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