(Reuters) - "Without a prompt fall in inflation expectations, a
reduction in inflation below 2 percent is likely to be
temporary and hard to sustain," he said in remarks prepared for
delivery to the Money Marketeers of New York University. A copy
of his speech was made available in advance.
Using interest rates alone would be difficult and
time-consuming, he said, adding: "One natural approach to
bringing down more expeditiously, should that be the desire,
would be a strategy of clear communications about
policy-makers' intentions," he said.
Read more at Reuters.com Bonds News
reduction in inflation below 2 percent is likely to be
temporary and hard to sustain," he said in remarks prepared for
delivery to the Money Marketeers of New York University. A copy
of his speech was made available in advance.
Using interest rates alone would be difficult and
time-consuming, he said, adding: "One natural approach to
bringing down more expeditiously, should that be the desire,
would be a strategy of clear communications about
policy-makers' intentions," he said.
Read more at Reuters.com Bonds News
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