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Fed's Lacker: Fed Can't be "paralyzed by patches of lingering weakness"

Calculated Risk... | Tue, 11/17/2009 - 11:46am |  3 comments

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From Richmond Fed President Jeffrey Lacker The Economic Outlook : Earlier this year some economists were highlighting the risk that the low level of economic activity could push the rate of inflation down, perhaps even below zero. I think the risk of a substantial further reduction in inflation h
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