Fed's Kohn on economic outlook

In the speech 'Economic outlook' given on 4 October Donald Kohn of the Federal Reserve said he is more concerned about persistent inflation than slowing growth in an economy that's likely to avoid a recession.

``The risks to my outlook for economic activity may be skewed to the downside, while those to my forecast of gradually declining inflation are tilted to the upside,'' Kohn said in a speech to the New York University Money Marketeers. ``In the current circumstances, the upside risks to

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