Forex News: Feds Hoenig on the wires
By Greg Michalowski
Created Jul 16 2008 - 1:01pm
- SAYS LACK OF PASS-THROUGH COULD CHANGE QUICKLY
- SEES STRONG GROWTH IN 3RD QUARTER, SOFTENING IN FOURTH
- ENCOURAGED BY SMALL PASS-THROUGH OF FOOD, ENERGY COSTS
- SAYS FED MUST WALK FINE LINE ON GROWTH, INFLATION
- SAYS FED MUST BE READY TO MOVE IN TIMELY FASHION
- SEES TENTATIVE SIGNS OF IMPROVEMENT IN HOME SALES
- SAYS U.S. ECONOMY CAN AVOID RECESSION
- SAYS HIGHER IMPORT PRICES GIVE FIRMS MORE PRICING POWER
- LESS OPTIMISTIC ABOUT PRICE OUTLOOK FOR SECOND HALF