Wednesday, May 7, 2008
Kansas Fed’s Hoenig Concerned Inflation May Prompt Interest Rate Hike
Kansas City Fed President Thomas Hoenig (non-voter) says that inflation is becoming embedded in the economy and that may compel a significant interest rate hike. In a speech in Denver, Colorado, Hoeing that consumers are showing an "inflation psychology to an extent that I have not since the 1970s and ...
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