Inflation still a worry, Fed's Yellen tells bankers

10/10/2006 | CNNMoney

San Francisco Federal Reserve President Janet Yellen said she's comfortable that current interest rates are at an appropriate level for inflation risk, but that caution is still in order. "The inflation outlook remains highly uncertain, and until we actually see inflation begin to slow down, I will be focused on the upside risks in the outlook," she said in a speech to the California Independent Bankers convention.

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