Archive for the ‘Philadelphia Fed’ tag
Plosser Says Rate Hike is Inevitable Even if Housing Prices Continue to Fall
Speaking in a Bloomberg Television interview, noted
hawk Philadelphia Federal Reserve President Chuck
Plosser said the Fed may have to hike rates even as housing
prices continue to fall.
Plosser commented that the economy has not changed much in the last
few months and that rising prices pose the biggest challenge to the
economy. Plosser noted that…
Fed’s Plosser Calls for a Reversal in Monetary Policy
Inflation in the U.S. is “too high” and inconsistent with the goals of
the Federal Reserve, whose accommodative policy must be
reversed, said Charles Plosser, President of the Philadelphia
Fed, on Tuesday.
Plosser, a well-known inflation hawk, said monetary
policy is too loose and the Fed will likely have to hike rates
before an economic turnaround has taken place.
Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report
International securities transactions and the Bank of Canada’s
monetary policy report highlight today’s Canadian economic releases as
U.S. markets receive jobless claims and housing starts, followed by the
Philadelphia Fed’s manufacturing report for July.