Federal Reserve Board Governor Laurence H. Meyer insists the fight against inflation must continue.

"We should be vigilant to insure that the progress made to lower inflation to the current level is sustained," Mr. Meyer said in remarks prepared for delivery Sunday to National Association of Business Economists - his first public speech since joining the central bank on June 20. "I am, as a result, focused on forecasts of near-term relative growth."

Mr. Meyer said he would be pleased if inflation stays around 2% a year and the unemployment rate remains near 5.5%. He also noted that most recent economic surveys predict the economy will grow at 2% in the second half of 1996.

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