194268 Resource 178975 173239 178982 1199836683829 1199836754513 Controlled Philadelphia Regional Bank President Confirms Fed Is In a Tight Spot

Inflationary pressures may make rescue from recession by further rate cuts impossible

<em>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.</em> 9 application/xml As reported in Wall Street Journal http://online.wsj.com/article/SB119979874028374711.html?mod=economy_lead_story_lsc false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 75.160.24.218 194028 false true false false true 178975 blog blogsite/BestFlagstaffHomes/moderated