Dallas Fed's Fisher on a primer on inflation

In the speech 'A primer on inflation' given on 30 August Richard Fisher of the Federal Reserve Bank of Dallas emphasized that the economy is at a "crossroads" and stressed that the Fed is focused on inflation.

Global growth is putting upward pressure on prices, he said. Demand from China is driving up the prices of many resources, from oil to cargo ships.

"These developments suggest the relationship between supply and demand for inputs of all sorts is becoming tighter," he said.

"A global boom has

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