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03 October 2009

Deflation Threatens US Economy And Interest Rate Rise.

BLOOMBERG/
"The U.S. faces the possibility of deflation for the first time since the Eisenhower administration, a threat that may prompt the Federal Reserve to keep interest rates near zero through next year."
“Disinflationary winds are blowing with gale-force effect,” said Chicago Reserve Bank President Charles Evans in a Sept. 9 speech in New York.
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Labels: Charles Evans, deflation threat, Joseph Stiglitz
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