Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: RMF who wrote (54084)	10/22/2004 3:29:47 AM
From: Skywatcher	Read Replies (2) of 81568

Fed's Yellen says high oil price a drag on spending By Christopher Noble SAN FRANCISCO (CBS.MW)-- San Francisco Federal Reserve Bank President Janet Yellen said on Thursday that high oil prices have been a drag on consumer spending and that they were a risk to economic growth, but that so far they had not had a lasting effect on inflation or inflationary expectations. "Higher oil prices have been a drag on consumer spending," she told reporters after a speech to a securities association. "I don't think we have seen oil prices have any significant lasting effect on inflation or inflationary expectations at this point."

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