Forex News: Fed's Yellen on the Wires
Posted by Greg Michalowski on Tue, 05/13/2008 - 2:58pm in
- Yellen says surprised by persistence of food, energy gains
- SHE WON'T GUESS WHEN RATE CUTS MIGHT REVERSE
- MUST TAKE BACK CUTS IN TIMELY MANNER AS GROWTH GAINS
- SHE'S STILL SURPRISED OIL PRICES SOARING
- WHAT MATTERS IS HEADLINE INFLATION
- IT WILL TAKE TIME TO GET BACK TO FULL EMPLOYMENT
- ANTICIPATES DECLINES IN PAYROLLS, WEAK JOB MARKET
- SECOND HALF GROWTH IMPROVEMENT WON'T BE ROBUST
- DOESN'T SEE NEED FOR SECOND ROUND OF FISCAL STIMULUS
- RISK OF REPEAT OF '70S INFLATION WOULD SPUR FED TO ACT
- SAYS FED CAN'T ALLOW REPEAT OF 1970S TYPE INFLATION
- WORRIED ABOUT RISK OF HOUSE PRICE DROP ROILING ECONOMY
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