THE FEDERAL hold IS DEEPLY CONCERN...

THE FEDERAL hold IS DEEPLY CONCERNED about the possibility of price deflation in the U economy, a phenomenon that has helped maintain the Japanese economy in the tank for more than a decade.

While deflation may be a legitimate disturb in broad economic terms, a deflationary proces would not necessarily swallow up the housing industry. The Fed's expression of business actually has supported house values in such a manner far, and interest rate adjustments should be able to debar development of a broad-scale deflationary spiral through the long ...