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Forex News: Feds Hoenig on the wires

Posted by Greg Michalowski on Wed, 07/16/2008 - 2:01pm in

Fed's Hoenig

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

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