............The Fed said it would allow inflation to run a little faster than its 2% target as long as unemployment remains too high. This is a reversal of nearly 100 years of Fed policy that had accorded paramount importance to price stability at the expense of concerns about shortfalls in employment and growth. Now, the Fed has said that it will give equal time to inflation and growth. Is Mr Subbarao listening or he will continue to go after inflation and capsize the economy boat? But Subbarao may surprise the core inflation gives the Governor some excuse to cut...........
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