Jul 02
Speaking at a conference in Israel, Federal Reserve board
Governor Frederic Mishkin said he currently sees an “upside
risk” to inflation expectations and that the Fed wants to contain those
expectations.
“U.S. inflation has risen recently, largely because of these sharp
increases in global commodity prices. However, thus far, the high costs
of energy and other primary commodities have not led to much increase in
core inflation, partly because…