Moskow says deflation unlikely but Fed stands by

The threat of inflation is low for the US economy, Chicago Fed chief Michael Moskow said on Thursday April 24, but the Fed stands ready to react should it occur.

Source: Reuters

Chicago Federal Reserve President Michael Moskow said on Thursday that while the likelihood of deflation in the U.S. economy is low, the central bank is ready to fight it with all available tools.

"I think it's unlikely, but I think we have to monitor it carefully and be prepared to react should it occur," Moskow told th