Fed's Moskow says sees no U.S. deflation threat

US - Chicago Federal Reserve President Michael Moskow said on Friday that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining.

"I don't see deflation as a threat to our economy on the near-term horizon," Moskow told the Independent Business Association of Wisconsin.

"We really haven't seen deflation, which is the decline in overall levels of prices, in the U.S. economy. Now we have seen it in some sectors, clearly computer pri