St Louis Fed official on guard for inflation

US - St. Louis Federal Reserve President William Poole on Thursday warned that policymakers must be on guard and said low and stable inflation was key to keeping the current U.S. economic expansion strong and long-lasting.

In a speech on productivity at a University of Missouri-sponsored dinner, Poole said that for the U.S. economy to enjoy the higher living standards and faster trend rate of economic growth offered by increases in productivity -- or worker output per hour -- price rises must

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