A VETERAN US central bank official aid today he¿s worried about a deteriorating inflationary environment, and suggested that when the Federal Reserve begins to raise rates, it could do so swiftly.
Federal Reserve Bank of Kansas City president Thomas Hoenig said rising inflationary pressures are “troublesome” and a “serious” matter, and now stand at “unacceptably high levels.”
» US inflation too high: Fed official – The Australian, 7th May 2008.