off-the-wire

Fed's Paulson says Fed would react to burst of inflation

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed's Paulson says Fed would react to burst of inflation teaser image

Oct 13 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said on Monday that if inflation pressures do not moderate as she expects the central bank should be willing to take action.

If inflation shows “a burst of, you know, shows some life, then the Fed's going to have to react appropriately, whether that's, you know, keeping the policy rate at, you know, current levels or whether that's increasing” the rate, Paulson said at an event held by the National Association for Business Economics in Philadelphia.

Reporting by Michael S. Derby; Editing by Chris Reese

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.