From Recession to Expansion: A Policymaker’s Perspective" - More Hawkishness From Philly Fed's Plosser

Comment: Francis Soyer 04/01/11
And this below is confirmation that the Folks at the Fed are Brain Dead. Just dont get it..... Wow

From Recession to Expansion: A Policymaker’s Perspective" - More Hawkishness From Philly Fed's Plosser

Submitted by Tyler Durden on 04/01/2011 08:16 -0400
Some highlights from the just released Philly Fed president's speech, bringing yet more hawkishness into the equation:
•Says stronger rebound in economy, inflation may require aggressive policy action

•Must not be too sanguine in believing time to tighten is long way off

•Recovery will continue at a moderate pace

•US economy growing 3.5% annually this year and next

•Prospects in labour markets have improved in recent months

•Expects inflation to be about 2% over the course of 2011... so not the 8.3% which is the accurate number? Odd.