Tuesday, May 22, 2007

Fed's Moscow Wants Lower Inflation

From Reuters:

Moskow noted that core inflation is still running above the 1 percent to 2 percent range that some policy-makers, including himself, see as an informal comfort zone.

"I'd like to see inflation rates running lower at this point and more toward the center of that zone," he said.

This was brought to you by the guy who has been saying for the last 6-9 months the Fed isn't going to lower rates anytime soon.