SEWANEE,Tenn., Sept. 28 (Reuters) - The risk of deflation in the United States cannot be written offin an environment of slowing growth, and the Federal Reseve must decide in coming weeks whether to do more to support the economy, a top Federal Reserve official said on Tuesday.
'I do not expect outright deflation to develop, but the slowing of the economy in the middle of this year, combined with a very low measured rate of inflation, suggests to me the risk o f deflation cannot be dismissed,' Dennis Lockhart, president of the Atlanta Federal Reserve, said in an address at the University of the South, in Sewanee, Tennessee.
(Reporting by Pedro Nicolaci da Costa; Editing by Leslie Adler) Keywords: USA FED/LOCKHART (pedro.dacosta@thomsonreuters.com; +1 202 354-5820; Reuters Messaging: pedro.dacosta.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'I do not expect outright deflation to develop, but the slowing of the economy in the middle of this year, combined with a very low measured rate of inflation, suggests to me the risk o f deflation cannot be dismissed,' Dennis Lockhart, president of the Atlanta Federal Reserve, said in an address at the University of the South, in Sewanee, Tennessee.
(Reporting by Pedro Nicolaci da Costa; Editing by Leslie Adler) Keywords: USA FED/LOCKHART (pedro.dacosta@thomsonreuters.com; +1 202 354-5820; Reuters Messaging: pedro.dacosta.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.