Fed governor sees no deflation threat in US

Federal Reserve governor Ben Bernanke said on Saturday May 31 that the prospects for the US economy were good and expected growth in the second half of this year of between 3.0 and 3.5 percent, rising to four percent in 2004.

Source: Channel News Asia

There is no immediate threat of deflation in the US economy though such a prospect has major world economies on their guard, says a US Federal Reserve governor.

Fed Board Governor Ben Bernanke, however, added that US authorities must keep an eye on