Minneapolis Fed president upbeat about economy

Gary Stern of the Minneapolis Fed said he thinks there is a low probability of deflation in the US, but would not rule it out. The problem in Japan, he said, is inadequate growth of the money supply and allocation of too many resources to declining industries.

Source: Associated Press

The U.S. economy has been growing over the last six quarters and the growth is likely to accelerate, the president of the Federal Reserve Bank of Minneapolis said Sunday evening.

"Overall, consumer balance sheets l

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: