Dallas Fed’s Fisher urges policymakers to focus on underlying inflation
Richard Fisher, the president of the Dallas Federal Reserve, on Wednesday said focusing on underlying price movements was the best way to measure future inflationary trends.
At the New Mexico State University's Spring 2011 Domenici Institute Forum in Las Cruces, New Mexico, Fisher said higher energy and commodity prices had reduced the purchasing power of many households, with annual headline inflation recorded at 4.9% in March.
Although acknowledging the rise in headline inflation as worrisome
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