Tuesday, June 8

Bloomberg News
Donald Kohn, a Federal Reserve governor, expects price stability despite the recent jump in costs

Fed Officials Seek to Ease Fears of a Surge in Inflation

Still hoping to go slow in raising interest rates from their lowest levels since the late 1950's, top officials at the Federal Reserve are trying to reassure investors that inflation will remain tamer than many of them fear.
In a series of recent speeches and comments, Fed officials in Washington and around the country have argued at length that neither the new rise in employment nor the recent jumps in consumer prices mean that the economy is in danger of overheating.

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Suggestion of Anti-Semitism Colors House Primary in Virginia: Voters in Northern Virginia have considerable acquaintance with Representative James P. Moran's controversial remarks and erratic behavior, but they have kept him in office since he first ran for the House in 1990. This year, that loyalty may be tested.

Ariz. Seniors Save on Prescription Drugs: More than 45,000 seniors and disabled Arizonans have saved $3.2 million on prescription drugs in the year since Gov. Janet Napolitano launched her program to help deal with expensive but necessary medication.

Court: Americans Can Sue Over War Crimes: The Supreme Court ruled Monday that Americans can sue foreign governments over looted art, stolen property and war crimes dating to the 1930s, a victory for an elderly California woman trying to get back $150 million worth of paintings stolen by the Nazis more than 65 years ago.


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