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Reuters: Fed's Fisher: Inflation costly for central banks

Started by chris, March 07, 2008, 09:01:04 AM

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chris

Fed's Fisher: Inflation costly for central banks
      


WASHINGTON (Reuters) - A top Federal Reserve official said on Friday that financial globalization does not take away the Fed's ability to control inflation, but raises stakes for central banks because investors can flee a depreciating currency.
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