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IPFS News Link • Federal Reserve

Pimco CEO Says Fed Needs to ‘Be Irresponsible’ to Fight Deflation

07-15-2009 • Bloomberg.com

“Radically” different central-bank policy may be needed to change inflation expectations if the U.S. economy starts to resemble Japan’s era of deflation, McCulley wrote. He said the U.S. economy is not currently suffering from deflation.

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Reported By Jack Gregson

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Pimco CEO Says Fed Needs to ‘Be Irresponsible’ to Fight Deflation

FreedomsPhoenix.com