PHOENIX (Dec 6): Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects.

The comments reflected a developing debate within the Fed over the impact of president-elect Donald Trump's leadership of a Republican-controlled government.

Fed officials worry there is risk that overly aggressive fiscal, tax and other changes could become inflationary given the economy's current strength.

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