Fed's Plosser says U.S. deflation risk gone: report

WASHINGTON (Reuters) - A top Federal Reserve official said on Friday he believes the U.S. economy is no longer at risk of slipping into a damaging deflationary spiral but that it would be unwise for the Fed to suddenly shift course. The official, Philadelphia Federal Reserve President Charles Plosser, told the Wall Street Journal in an interview that with deflation less of a risk, the only justification for the Fed's...

Source:
http://article.wn.com/view/2011/02/12/Feds_Plosser_says_US_deflation_risk_gone_report_n/

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