At a speech this afternoon, Fed’s Plosser had a much less dovish tone…. (Could be taken as Hawkish)![\"\"](\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/10\/736hawk-1.jpg\")
<\/p>\n
- \n
- Plosser Doubts Benefits Of Further Easing Outweigh Costs<\/li>\n
- Plosser: `Less Inclined’ To Pursue Inflation-Raising Policy<\/li>\n
- Plosser Says `Hard To Disentangle’ Moves In Dollar<\/li>\n
- Plosser Says Now Is Not The Time To Move Against Inflation<\/li>\n
- FED’s Plosser Says He Doesn’t Fear Deflation<\/li>\n
- FED’s Plosser Sees `Challenges’ With Price-Level Targeting<\/li>\n
- Plosser Says Core Inflation May Be Starting To Rise<\/li>\n
- Plosser Says He Sees Inflation Rate Moving Up In 2011<\/li>\n
- Plosser Says Core Inflation May Have Bottomed<\/li>\n<\/ul>\n
From Bloomberg:<\/p>\n
Oct. 20 (Bloomberg) — TheFEDeral Reserve \u00a0 said the U.S. \u00a0economy expanded at a \u201cmodest pace\u201d\u009d in September and early \u00a0October with little sign of accelerating and companies still \u00a0hesitant to hire. EightFED banks, including San Francisco and Chicago, \u00a0reported some form of growth, theFED said today in its Beige \u00a0Book business survey by the 12 regional banks, released two \u00a0weeks before each meeting of central bank \u00a0 policy makers. The \u00a0Philadelphia and Richmond FED banks said their economies were \u00a0\u201cmixed\u201d\u009d while the Cleveland region \u201cheld steady\u201d\u009d and the \u00a0Atlanta district \u201cremained slow\u201d\u009d with falling retail sales.<\/p>\n
The report may fail to show the kind of pickup in the economy that would deter policy makers from further easing \u00a0monetary policy to boost job growth and inflation \u00a0 that\u2018s too \u00a0slow for the FED. Chairman Ben S. Bernanke \u00a0 said Oct. 15 that \u00a0there\u2018s a case for additional stimulus because inflation is to \u00a0low and unemployment is too high.<\/p>\n
\u201cAcross all sectors, the outlook appears to be `more of the same,\u2018\u201d\u009d the Boston FED said in its section of the report. \u00a0 \u00a0 \u00a0Today\u2018s release, which provides an anecdotal snapshot of the U.S. economy, includes a national summary by the Dallas FED \u00a0and is based on information collected on or before Oct. 8. The FED\u2018s Open Market Committee next meets Nov. 2-3 in Washington.<\/p>\n
\u201cOn balance, national economic activity continued to rise, albeit at a modest pace,\u201d\u009d theFED said in the national summary. \u00a0Manufacturing expanded, consumer spending was \u201csteady to up \u00a0slightly\u201d\u009d and companies had trouble passing on higher input \u00a0costs to customers, the report said.<\/p>\n
`Moderate Pace\u2018<\/p>\n
In the previous report Sept. 8, the FED said the economy maintained its expansion while showing \u00a0widespread signs of a \u00a0deceleration\u201d\u009d in mid-July through the end of August. Five \u00a0regional banks reported \u201ceconomic growth at a moderate pace\u201d\u009d \u00a0and two pointed to \u201cpositive developments or net \u00a0improvements.\u201d\u009d The remaining five banks said conditions were \u00a0mixed or decelerating.<\/p>\n
Overall U.S. \u201chiring remained limited, with many firms \u00a0reluctant to add to permanent payrolls given economic conditions\u201d\u009d.<\/p><\/blockquote>\n
____<\/p>\n","protected":false},"excerpt":{"rendered":"
Last month it appeared that Mr. Bernanke was worked up and reaching for the kitchen sink to throw at the economic problems he saw in front of him. Then, the parade of FED speakers were released to show that a series of measures will be taken in order to push up the inflation rate and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481],"class_list":["post-11246","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=11246"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/11246\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=11246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=11246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=11246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}