Fed's Meyer - A little inflation better than none

US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.

In a 48-page speech largely dealing with the question of monetary policy guidelines, Meyer did not touch on the prospects for the economy or monetary policy. A text of Meyer's remarks, prepared for delivery at Vanderbilt University in Nashville, were made available in Washington.

Meyer, long considered a