Fed nominees emphasise inflation control

The two nominees for the Federal Reserve Board, Randall S. Kroszner and Kevin M. Warsh, said on Tuesday 14 February in testimony to the Senate Banking Committee that controlling inflation was the key to maintaining economic growth in the United States.

Stable prices are "crucial to achieving maximum employment and overall economic stability," Mr. Kroszner, 43, a University of Chicago economist, said. Mr. Warsh, 35, a White House adviser, said he was devoted to keeping prices under control and

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