(Reuters) - "Whether we tighten or ease will depend on how these risks play out," Hoenig told local business leaders at the Colorado Economic Forum.
Hoenig and Cathy Minehan, Boston Fed President, continued to focus on inflation risks on a day when core consumer inflation was reported at a lower-than-expected 2.3 percent for the year through April. Both are voting members of the Federal Open Market Committee in 2007.
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