Dallas Fed's Fisher 'hopes' inflation may slow

Federal Reserve Bank of Dallas president Richard Fisher said Friday 23 February he remains vigilant on inflation and ``there is hope'' that price indexes may be heading lower.

``There is hope that we may be turning the corner on inflation,'' Fisher told the Pacific Council on International Policy in Los Angeles. ``That still needs to be confirmed. I am still vigilant.''

``I think there might be a moderation in inflationary pressures,'' Fisher told reporters after his speech. ``We will continue

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