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Possible Fed pick Cain says deflation more worrying than inflation: Fox Business

Possible Fed pick Cain says deflation more worrying than inflation: Fox Business© Reuters. FILE PHOTO: Former U.S. presidential candidate Cain smiles after endorsing Republican U.S. presidential candidate Gingrich in West Palm Beach

WASHINGTON (Reuters) – Former pizza chain executive Herman Cain, who is under consideration for a seat on the Federal Reserve Board, said on Friday he was more concerned about deflation than inflation.

“Don’t be afraid of inflation. You should be more afraid of deflation,” Cain said in an interview with Fox Business Network.

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Source: Investing.com

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