No sign of U.S. inflation pressure-Fed's Santomero

There is some distance between the current level of the US economy and its potential, Anthony Santomero told the Philadelphia Estate Planning Council on Tuesday 18 November. The Philadelphia Fed President also said a counter-cyclical fiscal policy was effective in reducing the severity of the recession.

Source: Reuters

There are no signs of inflationary pressure in the U.S. economy, Philadelphia Fed President Anthony Santomero said on Tuesday.

"We have some distance between the current level and

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