Too early to judge inflation trend- SF Fed's Parry

Outgoing San Francisco Federal Reserve President Robert Parry said on Wednesday 14 April that the Fed will have to raise interest rates "at some point" to head off inflation, but rising prices are not a concern yet.

``With the federal funds rate at only 1 percent, short-term rates will need to move up at some point to prevent a rise in inflation,'' Parry told an economics conference at St. Mary's College in Moraga, California.

But he played down recent strong economic data including a 0.5 perc

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