Ex-Fed chief Volcker sees inflation creep risks

Former Federal Reserve chairman Paul Volcker said Monday 25 September that he is worried both about inflation and pressure on the U.S. central bank to not do anything about it.

``I am a little bit more worried about inflation,'' said Volcker, 79, speaking at a discussion sponsored by the Women's Economic Round Table in New York Monday. Gerald Corrigan, who served as New York Fed president from 1985 to 1993, said he shared Volcker's concerns.

While the inflation rate isn't ``high'' or ``runnin