Fisher: Inflation a bigger risk than slowdown

From Marketwatch:

Fed’s Fisher says inflation still bigger worry than slowdown

Higher inflation remains a bigger risk for the economy than a sharp slowdown of growth, said Richard Fisher, the president of the Dallas Fed bank on Monday. “I continue to fret more about inflation than I do about growth,” Fisher said in a speech prepared for delivery in Monterrey, Mexico. Fisher dismissed the benign August PPI report released last week as unreliable. The best gauges of inflationary pressures “are not yet comforting,” he said. Fisher said there was a “serious correction” taking place in the housing sector, but said outside this sector, the economy is “healthy and robust.” Consumers are getting “a shot in the arm” from lower gasoline prices, he said.

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