Forex News: Fed's Stern on the wires
Posted by Greg Michalowski on Fri, 07/18/2008 - 1:55pm in
- FED CAN'T WAIT FOR END OF CRISIS TO RAISE RATES
- HEADLINE INFLATION IS CLEARLY TOO HIGH
- CURRENT CREDIT CRUNCH LIKE THAT IN EARLY '90S
- FED WELL-POSITIONED FOR DOWNSIDE GROWTH RISK
- WORRIES' MORE ABOUT PROSPECTS FOR INFLATION
Sounding hawkish which should be supportive to the US dollar.
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