Posted on 02/23/2011 12:49:08 PM PST by NormsRevenge
WASHINGTON (AP) -- A Federal Reserve official says he may push for an early end to the central bank's $600 billion bond-purchase program if inflation shows signs of spreading.
Charles Plosser, president of the Federal Reserve Bank of Philadelphia, is an outspoken critic of the program, which is slated to end in June. Plosser says he "would not rule out" pressing the Fed for an early end to the program if the economy grows more strongly than anticipated and inflation picks up too much speed. The Fed's next meeting is March 13.
(Excerpt) Read more at finance.yahoo.com ...
Inflation looms as economy gets a head of steam up..
Is 3.55 at the local pump caused by inflation or our own gubamint’s backassward energy policies?
There is no inflation according to Burnbumke.
Obamma's world is coming unglued at every seam. Pretending it's not is the thing to do if you're a public employee, media personality, newspaper, union goon, or muzzie.
Cost of fuel is not in the market basket calculation is it.
Yep. Just wait till the fuel costs are passed on. And remember the added surcharges the last round of $4 a gallon gas? They were never removed and will be just bumped up.
If the Feds don’t buy them, WHO is going to finance the Federal deficit? The USA simply can’t afford $1.6 trillion in financing government.
This would send the interest rates soaring without massive cuts in spending.
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