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The Big Picture (Free subscription) | 25/07/2008
Paul McCulley, a portfolio manager at Pacific Investment Management Co., talks about U.S. deflation and property values, and the outlook for Federal Reserve policy. McCulley said Philadelphia Fed President Charles Plosser was wrong in saying that the central bank should raise interest rates "sooner rather than later" to keep inflation from accelerating. Click for video 00:00 McCulley discusses...
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Market Watch (Free subscription) | 22/07/2008
WASHINGTON (MarketWatch) -- Monetary policy is currently very accommodative and needs to be reversed and the rate hikes will likely need to begin soon, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank on Tuesday. "To keep inflation expectations anchored means that monetary policymakers will have to back up their words with action," Plosser said. The...
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Miami Herald (Free subscription) | 22/07/2008
Treasury prices dropped Tuesday as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank will need to boost interest rates "sooner rather than later" to fend off inflation.
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kansascity.com (Free subscription) | 22/07/2008
Treasury prices dropped Tuesday as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank will need to boost interest rates "sooner rather than later" to fend off inflation.
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San Fransisco Chronicle (Free subscription) | 22/07/2008
Treasury prices dropped Tuesday as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank will need to boost interest rates "sooner rather than later" to fend off inflation. Plosser, who is a voting member of the Fed's rate-...
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The Earth Times Online Newspaper (Free subscription) | 22/07/2008
KING OF PRUSSIA, Penn. (Reuters) - The Federal Reserve has a limited role in a government plan to provide financial support for ailing mortgage finance firms Fannie Mae and Freddie Mac , Philadelphia Federal Reserve President Charles Plosser said on Tuesday.
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Reuters (Free subscription) | 22/07/2008
KING OF PRUSSIA, Penn. (Reuters) - The Federal Reserve has a limited role in a government plan to provide financial support for ailing mortgage finance firms Fannie Mae and Freddie Mac , Philadelphia Federal Reserve President Charles Plosser said on Tuesday.
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Man on the Street 64 (Free subscription) | 22/07/2008
Charles Plosser, President of the Philly Fed, delivers a speech about his outlook for the economy and inflation. It is interesting to see that not everyone at the Board of Fed Governors is compromised by unflinching support for ailing Wall Street. on inflation: The consequence of our easing of monetary policy is that the inflation-adjusted — or real — interest rate on federal funds is...
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The Earth Times Online Newspaper (Free subscription) | 22/07/2008
KING OF PRUSSIA, Penn. (Reuters) - Monetary policy is in a tight spot as policy-makers need to look at the economy going forward while making sure that inflationary expectations stay in check, Philadelphia Federal Reserve President Charles Plosser said on Tuesday.
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Market Watch (Free subscription) | 22/07/2008
Very accommodative monetary policy needs to be reversed and the rate hikes will need to begin soon, says Charles Plosser, the president of the Philadelphia Federal Reserve Bank.
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Real Time Economics (Free subscription) | 22/07/2008
Philadelphia Fed President Charles Plosser expressed concerns about inflation in a speech prepared for delivery before the Philadelphia Business Journal Book of Lists Power Breakfast . Plosser, who is currently a voting member of the interest-rate-setting Federal Open Market Committee, has dissented from two rate cuts this year, but agreed with the majority last month [...]
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Market Watch (Free subscription) | 22/07/2008
NEW YORK (MarketWatch) -- The dollar firmed in early New York trade Tuesday, after supportive comments from Philadelphia Federal Reserve president Charles Plosser and Treasury Secretary Henry Paulson. The dollar index, which measures the U.S. unit against a basket of 6 major currencies, stood at 72.07, compared with 71.84 ahead of the comments. Plosser, who votes on interest rates...
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Business Spectator (Free subscription) | 22/07/2008
Rising inflation could force the Federal Reserve to start raising interest rates, says Plosser. 23 Jul 2008 6:10 AM
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The Washington Times (Free subscription) | 22/07/2008
Treasury prices dropped Tuesday as Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank will need to boost interest rates "sooner rather than later" to fend off inflation.
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Home Personal Finance (Free subscription) | 22/07/2008
Reuters - The Federal Reserve has a limited role in a government plan to provide financial support for ailing mortgage finance firms Fannie Mae and Freddie Mac , Philadelphia Federal Reserve President Charles Plosser said on Tuesday.
