WASHINGTON -- Alan Blinder, President Clinton's choice to fill a vacancy on the Federal Reserve Board, sought to defend himself Friday, against charges that he is soft on inflation.

In his confirmation hearing before the Senate Banking Committee, Blinder said inflation is not a near-term threat, but he also made a lot of statements that Fed Chairman Alan Greenspan and his colleagues would not dispute.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.