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Bies: Inflation ‘under control’

Tuesday, Feb. 8, 2005 | 9:22 a.m.

The U.S. economy is strong and inflation is under control so the Federal Reserve will continue to raise rates at a "measured" pace, Governor Susan Bies said.

Inflation is between 1.5 percent and 2.5 percent a year, Bies said.

"On average prices are well-contained," she said in a speech at the University of Tennessee in Martin. "We're committed to a measured pace of continuing to raise interest rates."

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