Topic: Charles Plosser
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Europe unrest reverberates on Wall Street
A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
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Oil prices fall as gloomy economic outlook persists
Oil prices fell below $91 per barrel Wednesday amid pessimism about the outlook for economic growth. Oil prices failed to get any lasting boost from high US consumer confidence.
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Dow plummets 100 points in stock sell-off
Stocks dropped after Charles Plosser, president of the Fed's Philadelphia branch, told an audience Tuesday that the Fed's effort to support the economy would likely fall short of its goals.
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Stocks end lower for fourth straight session
The Dow fell about 61 points, with a weak performance by banks and energy
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Interest rates should go up: Fed official
Interest rates, now at historic lows, should be raised, says Philadelphia Fed president. He argues the central bank should push up interest rates in 'the not-too-distant future.'
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The Fed has no clothes?
In a recent speech, Charles Plosser, president of the Philadelphia Federal Reserve, criticized current Fed policy and the response to the financial crisis.
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Fed cuts interest rates, but lenders still wary
Despite a 3/4-point rate cut Tuesday, mortgages are costlier than a month ago.
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The Monitor's View: Whip inflation now
Not just gas prices are high. The Fed needs to start thinking of raising interest rates.
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