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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (12848)	10/5/2004 10:42:21 AM
From: mishedlo	Read Replies (1) of 116555

ECB´s Trichet: no comment on Fed inflation target Tuesday, October 5, 2004 2:01:33 PM afxpress.com ECB's Trichet: no comment on Fed inflation target PHILADELPHIA (AFX) -- European Central Bank chief Jean-Claude Trichet declined to comment on whether the Federal Reserve should become more transparent by adopting an explicit inflation target. "I won't make any intrusion on their meditation," Trichet said Tuesday in answer to a question following a speech to the National Association of Business Economics. The ECB does not target inflation, but has disclosed its definition of price stability as inflation close to, but below, 2 percent over the medium term. The Fed has neither an explicit inflation target nor a formal definition of price stability

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