Forex Trading News: FED's Pianalto on the Wires
Posted by Mr. Danish FX on Tue, 05/13/2008 - 5:27am in
Highlights from Cleveland FED President Pianalto:
- Inflation presents key risk to outlook
- Environment is currently challenging
- FED's policy and strategy remains compatible with low and stable inflation rate and FED cuts should help mitigate economic risks
- US core CPI rising faster would be preferential
- USD depreciation is putting upward pressure on relative commodity prices
- Globalization does not prevent Central Banks to control inflation
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