Tags: fed | inflation | warning

Fed Official Warns of 'Trickling' Inflation

Tuesday, 10 June 2008 08:41 AM EDT

HARWICH, Massachusetts (Reuters) - Rising food and energy costs are still trickling through the economy, complicating the outlook for inflation, Boston Federal Reserve President Eric Rosengren said on Tuesday.

Speaking on Cape Cod, Rosengren said the central bank still expects prices to trend down as the economy softens, but conceded that it is less confident in this outlook because of simmering commodity costs.

"The effects of significant increases in food and energy prices are still feeding through the economy, as are the impacts of appropriately aggressive monetary and fiscal policy responses to the recent financial turmoil," he said.

The United States has been struggling with twin crises in the housing and financial sectors, developments that have forced the Fed to cut interest rates sharply since September.

© 2025 Newsmax. All rights reserved.


Economy
HARWICH, Massachusetts (Reuters) - Rising food and energy costs are still trickling through the economy, complicating the outlook for inflation, Boston Federal Reserve President Eric Rosengren said on Tuesday.Speaking on Cape Cod, Rosengren said the central bank still...
fed,inflation,warning
126
2008-41-10
Tuesday, 10 June 2008 08:41 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved