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Fed’s Plosser: Timely withdrawal key; May have to raise rates before unemployment falls much
By Jamie Coleman || December 1, 2009 at 17:26 GMT
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Philly Fed’s Plosser is on the wires with something for bulls and bears alike. Risk bulls will like his view that the economy will grow three pct each of the next two years while bears will gravitate to his statement that the Fed may have to hike before unemployment falls to comfortable levels. He says timely withdrawal of stimulus is key for keeping inflation expectations stable.
EUR/USD is taking the comments in stride at 1.5105.
They talk so much about withdrawing all these measures and do f* all. Clap clap clap to the crazy central bankers inflating bubbles. Nothing has changed, they are totally irresponsible and lost all controls on monetary policy. China is not helping.. i m so annoyed..
grrrrrrr, the big bear is not happy.