U.S. risks inflation in rebound - Milton Friedman

UNITED STATES - The United States should pull out of recession in 2002 but will have to keep an eye on inflation when it does, Nobel prize-winning economist Milton Friedman said in an interview published on 27 August.

"With the very unusual Federal Reserve policy of successive interest rates cuts...the key problem once the recession ends in 2002 will be how to control inflation," Friedman was quoted as telling Italy's Corriere della Sera newspaper.

The Federal Reserve has cut rates seven times

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