Fed's Ferguson: Oil prices not major econ threat

Japan's ongoing economic troubles have taught policymakers to use monetary policy aggressively in the face of challenges to growth, Federal Reserve Vice-Chairman Roger Ferguson said Wednesday.

"One of the things economics has taught us about Japan," Ferguson said, is that "it is better to be aggressive with monetary policy and stay ahead of the curve." He was speaking to audience members after an address on inflation targeting at the University of Georgia.

Ferguson, a voting member of the Feder

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