Comment about: What Will Another Fed Rate Cut Mean for Home Loan Rates?
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| January 08, 2008 | | Inflationary pressures may make rescue from recession by further rate cuts impossible | | Philadelphia Fed President Charles Plosser said this morning that the Fed is in a tough position regarding its monetary policy because the economy is slowing at the same time that inflation is rising. Mr. Plosser confirmed that additional cuts are a possibility in response to weakness in economic activity; however, if inflation pressures continue, further rate cuts are likely off the table. | | |
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