Tuesday, April 17, 2007

Fed's Plosser says inflation uncomfortably high

(Reuters) - "Inflation is uncomfortably high from my perspective and not declining as rapidly as I'd like to see it," he told a meeting of business executives hosted by Rutgers School of Business.

He added: "It's very important that the Fed maintains its vigilance about inflation, that we not let inflation expectations get out of hand," he said. In addition, he said: "If you want to bring inflation down further, you have to be careful about how to do that."


Read more at Reuters.com Bonds News

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