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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (27082)4/7/2005 2:55:29 PM
From: mishedlo  Read Replies (1) of 116555
 
Fed´s Santomero says Fed not behind the curve
Thursday, April 7, 2005 6:24:04 PM
afxpress.com

Fed's Santomero says Fed not behind the curve WASHINGTON (AFX) -- The gradual pace of Fed tightening has not left the Fed behind the curve on inflation, said Anthony Santomero, president of the Philadelphia Federal Reserve Bank. Speaking to reporters after a speech on Thursday, Santomero said the Fed has to be vigilant against inflation as the U.S. economy moves into the fourth year of its expansion, but it is too early to say that inflationary risks have clearly shifted to the upside. The U.S. labor market is improving at a moderate pace. The spike in oil prices has slowed consumer spending, but has not altered his view for robust economic growth in 2005.
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