Olson says deflation possibility very low

Federal Reserve Governor Mark Olson said on Thursday 22 May that the Fed will continue to monitor the deflation situation very carefully because we've seen the way deflation has hampered Japan's recovery.

Source: Reuters

Federal Reserve Governor Mark Olson said on Thursday that while the U.S. central bank deemed deflation a remote risk, it was significant enough to bear watching.

``We continue to monitor that very carefully because we've seen the way deflation has hampered Japan's recovery ... W