Fed’s Plosser Calls Inflation Threat “Serious” and “An Insidious Tax on Consumers”
Speaking in an interview with CNBC, Philadelphia Fed President
Charles Plosser said the inflation threat was “serious”, and
called it an “insidious tax on consumers”.
Turning towards the credit crunch, the Philadelphia
Fed President warned that financial markets were not out of the woods
yet, adding that, “We’re going to see some ups and down
the way.” Nevertheless, he famous that things arised to have improved
by the final couple of months.
Original post by Mortgage News Daily - Mortgage And Real Estate News
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