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Speaking at the annual convention of the Texas Cattle Feeders Association, Dallas Fed President Richard Fisher said the "mother of all financial storms" is causing a reversal in what was an inflationary trend earlier in 2008. "As evidenced by the experience of the retailer I cited earlier...
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The most hawkish voting member on the Federal Open Market Committee said on Thursday that it's unclear whether slow growth will moderate inflation into 2009, and said there are even odds that inflation will accelerate from its current level. Dallas Fed President Richard Fisher said it is "very...