Fed not aiming for higher inflation, Governor Stein says

Published October 11, 2012

| Reuters

The Federal Reserve wants the economy to grow more robustly but is not actively seeking higher inflation rates, Fed Board Governor Jeremy Stein said on Thursday.

"I disagree with the premise that what we're doing is seeking to gin up inflation," he said in response to questions at the Brookings Institution.

(Reporting by Pedro Nicolaci da Costa; Editing by James Dalgleish)

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