Fed vigilant on inflation says Fisher

Federal Reserve Bank of Dallas president Richard Fisher said in a speech on Monday 25 September that slowing U.S. economic growth should keep inflation under control, but the US central bank will act if needed.

"Inflation remains elevated and leaves us small choice but to remain vigilant," he said in the speech.

"It is my considered judgment that the recent tempering of U.S. economic growth to a more sustainable rate, combined with the lagged effects of our 17 prior quarter-(percentage-)point rate

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