Fed's Fisher says main goal is inflation control

Federal Reserve Bank of Dallas President Richard Fisher said Thursday 2 November that keeping inflation in check is the central bank's primary goal.

"We do have a dual mandate" to keep price pressures in check and promote maximum sustainable growth, but "no central banker can tolerate inflation," Fisher said in response to audience questions following a speech before economists in New York.

Indeed, the central bank's "key objective" is to control inflation because allowing it to get out of con

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