Daily Business News
Wednesday, October 11, 2006
  Fed "quite concerned" on US inflation in September (Reuters)

Storm clouds gather over the U.S. Federal Reserve Building before an evening thunderstorm in Washington June 9 2006. U.S. Federal Reserve policy-makers remained 'quite concerned' about inflation risks when they met in September but they kept rates on hold for a second straight time while renewing their commitment to ratcheting down inflation pressures. (Jim Bourg/Reuters)Reuters - U.S. Federal Reserve officials were "quite concerned" about inflation when they met in September and worried their credibility could come under attack if inflation did not ease as they hoped.


 
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