51. One of the chief tasks of central bankers is to keep the economy growing while fighting inflation. 52. Progress in fighting inflation and reducing budget deficits has turned onetime longshots like Italy and Portugal into prime contenders. 53. Q. Do you think the Federal Reserve will need to raise interest rates soon to fight inflation? 54. Reserve Bank Governor Chris Stals has in the past three years followed a strict monetary policy route of high interest rates to fight inflation. 55. Reserve Bank of New Zealand Gov. Don Brash said he will resign if a future government orders him to try to achieve other objectives apart from fighting inflation. 56. Reserve Bank of New Zealand Gov. Don Brash says combining these goals with fighting inflation is impossible. 57. Since then, the government boosted interest rates to fight inflation, leading to the slowest economic growth in a decade last year. 58. So he has turned to a stiff increase in basic interest rates to do the job of fighting inflation for now. 59. Some economists consider Lindsey and Minehan to be among the Fed officials who take a softer approach to fighting inflation. 60. Some economists expect the U.S. Federal Reserve to raise interest rates this year to fight inflation. |