Fed's Yellen says inflation not real threat yet

07/1/2009 | MarketWatch

Janet Yellen, president of the Federal Reserve Bank of San Francisco, said the Fed must not boost interest rates too quickly on concerns about inflation, or it will risk pushing the economy back into recession. "I do not believe that there is a real threat of high inflation in the current situation," Yellen said. "If anything, I'm more concerned that we will be tempted to tighten policy too soon, thereby aborting recovery."

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