Thursday, July 12, 2007

UPDATE 1-Fed's Yellen: Policy on track, price risks linger

(Reuters) - ANCHORAGE, Alaska, July 12 - San Francisco
Federal Reserve President Janet Yellen said on Thursday that
current U.S. interest rate policy should promote a gradual drop
in inflation but risks remain skewed toward higher prices.




As a result, Yellen said, an "asymmetric policy tilt" is
appropriate for the Fed at the moment, along with "considerable
flexibility" in responding to incoming data.


Read more at Reuters.com Bonds News

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