{"id":9552,"date":"2009-01-05T00:00:00","date_gmt":"2009-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"fed-ecb-prepare-to-tackle-deflation-head-on","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/fed-ecb-prepare-to-tackle-deflation-head-on.html","title":{"rendered":"Fed, ECB prepare to tackle deflation head-on"},"content":{"rendered":"<p>Reuters &#8211; Officials from the <span class=\"yshortcuts\">Federal Reserve<\/span> and the <span class=\"yshortcuts\">European Central Bank<\/span> on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession.<\/p>\n<p>In just a few months, central bankers&#8217; concerns have flipped from fighting inflation to staving off possible deflation &#8212; a condition in which falling prices cause consumers and businesses to delay purchases, resulting in an even steeper <span class=\"yshortcuts\">economic downturn<\/span>.<\/p>\n<p>Both <span class=\"yshortcuts\">Janet Yellen<\/span>, president of the <span class=\"yshortcuts\">San Francisco Federal Reserve Bank<\/span>, and <span class=\"yshortcuts\">Lucas Papademos<\/span>, vice president of the ECB, highlighted the risks of deflation at the annual meeting of the <span class=\"yshortcuts\">American Economics Association<\/span>.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090105\/bs_nm\/us_usa_fed\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Officials from the Federal Reserve and the European Central Bank on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession. In just a few months, central bankers&#8217; concerns [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5133,5137,5134,5135,5136,2721,5125,509,280,1917,5123,536,4326,5131,5130],"class_list":["post-9552","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-american-economics-association","tag-annual-meeting","tag-cause-consumers","tag-deflation","tag-ecb","tag-economic-downturn","tag-federal-reserve-bank","tag-federal-reserve","tag-global-economy","tag-inflation","tag-janet-yellen","tag-recession","tag-reuters","tag-san-francisco","tag-vice-president"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9552"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9552\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}