Fed's Fisher warns on inflation expectations

Richard Fisher, the president of the Dallas Federal Reserve, has said that the Fed must be careful to avoid "stirring the embers of inflation".

Fisher, the only voting member of the Federal Open Market Committee to oppose a rate cut at the January meeting, told reporters on Friday 25 February that "there is a question as to whether inflation expectations are well anchored." He added that the components of the latest rise in the CPI were "worrisome."

A poll conducted by the National Association

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