Asian shares up, dollar wallows as Fed soothes inflation fears

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Reuters

By Andrew Galbraith SHANGHAI (Reuters) – Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook. Richard Clarida, the Fed’s vice chair, said on Tuesday that the U.S central bank would be able to curb an outbreak of inflation and engineer a “soft landing” without throwing the country’s economic recovery off track. All the same, Clarida’s comments reflect a shifting tone at the Fed. A month ago, Fed Cha…

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