Investor's Business Daily - Philadelphia Fed President Charles Plosser said he doesn't see a return to '70s-style stagflation. He expects "very slow" economic growth in the 1st half of the year but improvement in the 2nd. Home prices should stabilize this year. Plosser spoke before the Nat'l Association for Business Economics, which released a survey showing just 48% of members think monetary policy is "about right," vs. 72% who thought so in March.
Monday, March 3, 2008
Economy - Monday (Investor's Business Daily)
Investor's Business Daily - Philadelphia Fed President Charles Plosser said he doesn't see a return to '70s-style stagflation. He expects "very slow" economic growth in the 1st half of the year but improvement in the 2nd. Home prices should stabilize this year. Plosser spoke before the Nat'l Association for Business Economics, which released a survey showing just 48% of members think monetary policy is "about right," vs. 72% who thought so in March.
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