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Fed’s Plosser Says Stimulus
May Backfire, Fuel Inflation

Bloomberg, by Steve Matthews & Caroline Salas Gage

Original Article

Posted By:Maryland_Patriot, 1/11/2013 1:15:53 PM

Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s record stimulus risks a surge in inflation and may impair efforts by households to repair their finances. “Attempts to increase economic ‘stimulus’ may not help speed up the process and may actually prolong it,” Plosser said in the text of a speech today in Somerset, New Jersey. Policy makers are discussing how long they will keep buying mortgage bonds and Treasuries as part of efforts to boost growth and bring down a 7.8 percent unemployment rate. The Fed last month linked its interest-rate outlook to economic thresholds,

      


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Reply 1 - Posted by: SheikYerBooty, 1/11/2013 1:24:08 PM     (No. 9111031)

Duh!

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Reply 2 - Posted by: plainjane, 1/11/2013 1:30:50 PM     (No. 9111040)

Wonder who told him? (Blasted idiots!)

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Reply 3 - Posted by: Emmajustin, 1/11/2013 1:32:47 PM     (No. 9111044)

Why can´t libs figure this out. Each time they do something stupid like take money from working stiffs and give it to welfare frauds we have less money being used productively and get inflation.

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Reply 4 - Posted by: Hammock, 1/11/2013 2:16:22 PM     (No. 9111155)

The libs at the top figured it out long ago. The problem is that the parasite can´t control itself. Now that the handwriting is on the wall, so to speak, they are grabbing all they can for themselves before the economic collapse and trying to stave it off as long as possible. I would imagine heavy investment in land, farms, and heavily armed compounds being readied both here in in other countries.

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Reply 5 - Posted by: Nutmegger, 1/11/2013 2:23:03 PM     (No. 9111177)

Hi folks. My two adult sons told me that they are very happy that I have some acreage that they can use to plant veggies, and a nice spring that will provide water to use when the **** hits the fan, as Plosser states, in the not too distant future.

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Reply 6 - Posted by: whyyeseyec, 1/11/2013 2:26:09 PM     (No. 9111185)

This guy works at the Philadelphia Fed and he`s not sure if a stimulus may cause inflation?

We are in trouble....

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