Fed sees ‘transitory’ higher inflation: minutes

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

May 18, 2011

WASHINGTON (AFP) – The US Federal Reserve still views higher inflation as only temporary as the economy muddles through a weak recovery from recession, the central bank reported Wednesday.

According to the minutes of the April 26-27 meeting of the policy-setting Federal Open Market Committee, the participants “generally anticipated that the higher level of overall inflation would be transitory.”

While there had been “significant increases” in energy and other commodity prices that had boosted overall inflation, FOMC members expected price increases would ease once commodity prices stabilized.

The central bank, whose dual mandate is to fight inflation and unemployment, said that policymakers “agreed that longer-term inflation expectations had remained stable.”

Read full article


This article was posted: Wednesday, May 18, 2011 at 3:27 pm

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

BLM & Harry Reid's War on Ranchers See the rest on the Alex Jones YouTube channel.

Green Police: The New Tyranny See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.