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Fed's Poole - US inflation outlook very favorable
Tue Apr 19, 2005 03:35 PM ET MEMPHIS, Tennessee, April 19 (Reuters) - U.S. inflation prospects are good, underpinned by tame labor costs and growing productivity, a top Federal Reserve policy-maker said on Tuesday.
"The outlook for inflation looks quite or very favorable and I think that view is shared by the marketplace," Federal Reserve Bank of St. Louis President William Poole told reporters after a speech here on entrepreneurship.
"Wages are not under any substantial pressure and productivity data suggests that we continue to do pretty well on this front," he said.
Fed's Poole - US inflation outlook very favorable
Tue Apr 19, 2005 03:35 PM ET MEMPHIS, Tennessee, April 19 (Reuters) - U.S. inflation prospects are good, underpinned by tame labor costs and growing productivity, a top Federal Reserve policy-maker said on Tuesday.
"The outlook for inflation looks quite or very favorable and I think that view is shared by the marketplace," Federal Reserve Bank of St. Louis President William Poole told reporters after a speech here on entrepreneurship.
"Wages are not under any substantial pressure and productivity data suggests that we continue to do pretty well on this front," he said.