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    "If you can't predict the future, then you need a system that can handle breakdown" John M. Keynes

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Posts Tagged ‘FED’s rate’

Fed cements stance against inflation, rate hike probable

Posted by Robin Thieu on June 20, 2008

FED rates

http://www.usatoday.com/money/economy/2008-06-10-fed-inflation-concerns_N.htm

By Alister Bull, Reuters

Updated document.write(niceDate(‘6/10/2008 3:44 PM’));6/10/2008 3:44 PM

Top Federal Reserve officials Tuesday hammered home the U.S. central bank’s determination not to allow inflation to get out of control, making it more likely that interest rates will rise this year.

The remarks by two regional Fed presidents followed hard-line comments Monday from Fed Chairman Ben Bernanke that the central bank would “strongly resist” any deterioration in inflation expectations.

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