Forex News: Feds Stern on CNBC
Posted by Greg Michalowski on Tue, 08/12/2008 - 9:34am in
- Longer run inflation should see some lower pressure for headline and core. Short term may see some uptick still
- Tight credit restraining economic activity. Will take some time for headwinds to deminish.
- Some time before see growth at or above trend
- Economy has been 'very subdued'. See that in employment. Don't know if will be charaterized as a recession
- Stonger dollar is a relief for the inflation outlook. The dollar has declined for some time and exports have benefitted.
- It will pay to be paient at this point with regard to monetary policy. Inflation and Inflation expectations seems to have diminished.
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