The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: ldo79	8/17/2006 2:32:47 PM
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Two days in a row he's pounded the table saying this. Although not a voting member. ========================================== Fisher repeats Fed resolve to hold down inflation Thu Aug 17, 2006 1:50 PM ET SHREVEPORT, Louisiana, Aug 17 (Reuters) - The Federal Reserve will not tolerate higher levels of inflation, Dallas Fed President Richard Fisher said on Thursday. "We cannot let inflation out of the bag," Fisher said in remarks to a community lunch here. His comments were broadly similar to comments made in Dallas on Wednesday, noting that the U.S. economy is "at sort of a crossroad," but that current growth is "very stout" with a probability of an upward revision to second-quarter U.S. growth. The Fed's next move on interest rates is not preordained but will depend on the incoming economic data, he said. Fisher said businesses are seeing "a little acquiesce" on the part of their customers that is giving them a greater ability to pass on increases in input prices. Fisher is not a voting member of the Federal Open Market Committee, the Fed's interest-rate setting body, in 2006. yahoo.reuters.com

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