Saturday, September 8, 2007

Philly Fed's Plosser Gives Markets an Earful

Nothing like a Saturday speech to shake things up... from Honolulu no less. There's a bad lei joke in this somewhere, but I won't go there.

Plosser Says Fed Can Address Markets Without Rate Cut (Update1)
Plosser said while the housing slump has lowered forecasts for the expansion and there is ``considerable uncertainty'' about the outlook, ...
Turmoil might be addressed without fed funds rate cut: Fed's Plosser MarketWatch
Fed Official Cites Uncertain Inflation Outlook Wall Street Journal
UPDATE 1-Fed's Plosser-US housing sector warrants monitoring Reuters

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