US inflation low says Fed nominee Donald Kohn

USA - Federal Reserve Board nominee Donald Kohn said on Thursday that US inflation was "pretty darn low" and that the economy was looking healthy: "we are getting awfully close to some zone of price stability if we are not probably already in it".

President George W. Bush in May nominated Kohn, 59, a veteran Fed staff member who is the Fed Board's top adviser on monetary policy, as well as Princeton economist Ben Bernanke, to fill two vacancies on the Fed's Board of Governors.

Kohn, whose appea