U.S. inflation still no worry - Fed's Broaddus

- Central Banking staff
- 16 Dec 2003

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In a speech on Monday 15 December Richmond Fed president Alfred Broaddus said a short- term rise in inflation would be nothing to worry about and the prospects of deflation were lower than a few months ago. "Accommodative monetary policy could mean, could encompass, somewhat higher rates than currently but still below any measure of what we would think of as an equilibrium fed funds rate," he said.

Source: Reuters

Richmond Federal Reserve Bank President Alfred Broaddus said on Monday there was no

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