Speech by Robert Parry, San Francisco Fed, 14 May

SPEECH - In a speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' Parry predicted higher interest rates at some point, saying the Fed may be "deliberative" as inflation poses no "imminent problem." Excess capacity and rising productivity are helping keep price increases in check, he said.

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Speech by Federal Reserve Bank of San Francisco President and CEO Robert T. Parry to the to the San

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