Fed's Parry doesn't expect deflation

Speaking on Monday 12 May, San Francisco Federal Reserve President Robert Parry said "I'm not expecting deflation. We will see a pick-up in real growth and the pace of that pick-up is likely to be stronger by 2004."

Source: Reuters

San Francisco Federal Reserve President Robert Parry said on Monday the pace of economic growth should pick up and as a result the risk of deflation in the U.S. economy was not large.

``I'm not expecting deflation. We will see a pick-up in real growth and the pace of

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