Economy - Thursday (Investor's Business Daily)

[riky]

Economy - Thursday
    (Investor's Business Daily)

 

Investor's Business Daily - Fed Vice Chairman Donald Kohn suggested central banks in developing countries should take the lead. "The upward trend in prices of food and energy over the past several years ... reflects the pressures posed by rapidly growing demand in developing countries," he said at a conference Frankfurt, Germany. "In those countries ... actions to contain inflation by restraining aggregate demand would contribute to global price stability."


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