Fed's Broaddus - Fed committed to price stability

US - US Federal Reserve policymakers aren't "resting on our laurels" with regard to their primary goal of price stability, said Alfred Broaddus, president of the Federal Reserve Bank of Richmond.

Broaddus, a nonvoting member of the policy-setting Federal Open Market Committee, was answering questions following a speech to the Charleston Metro Chamber of Commerce.

He acknowledged that recent rises in oil and gasoline prices, a result of the escalating violence in the Middle East, isn't favourabl