“Fed Officials See Softer Q1, Inflation Risks” – Reuters
“To Atlanta Fed President Dennis Lockhart, higher gas prices dampened consumer spirits and contributed to disappointing growth in the first quarter. High energy prices are likely to weigh on consumers and business for a while, he said.
“It appears that the first quarter will come in soft relative to what we expected — what many people expected — at the beginning of the year,” Lockhart, a non-voter this year, said at a business event.
Taking a different tack, Dallas Fed President Richard Fisher repeated concerns that inflation risks are becoming more pressing.
“American businesses are doing their utmost to offset with higher prices the surging costs of their inputs,” Dallas Fed President Richard Fisher told a Rotary Club lunch.
“This will result in some unpleasant general price inflation numbers in the next few reporting periods,” he added.” Read more.
“Fed Officials See Softer Q1, Inflation Risks”
Matthew Bigg
Reuters, April 19, 2011.
Image by winnond / FreeDigitalPhotos.net.
