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1.Market Observations

20 Jun 2014 (AFR) – Fed chair Yellen unfazed by inflation risk

(20 June 2014, AFR, p29, John Kehoe AFR correspondent)

‘US Federal Reserve chief Janet Yellen has dismissed concerns that a pick-up in inflation revealed this week will force the Fed to lift interest rates faster than anticipated. Persistent low inflation is more of a concern than rising price pressures, justifying “highly accommodative” policy for the foreseeable future, Ms Yellen said. She retained her dovish outlook for monetary policy at the conclusion of the Federal Open Market Committee meeting on Wednesday.’

Read more at AFR.com (might need AFR login access)

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