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Old 07-24-2011, 04:17 AM   #1
Bruce0p9y
 
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Default blue louboutin bridal shoes Markets

ROCHESTER, Minn May 25 - Minneapolis FederalReserve Bank President Narayana Kocherlakota on Wednesdayrepeated his call for a modest U.S. interest-rate hike byyear's end blue louboutin bridal shoes , citing improvements in inflation and employment.
A half-percentage-point rate hike would leave the economywith plenty of monetary gas, but prevent it from gathering toomuch speed blue louboutin bridal shoes , he said in remarks prepared for delivery to theRochester Area Chamber of Commerce.
"Under my baseline forecast, it would be desirable for theFOMC to raise the fed funds target interest rate by a modestamount toward the end of 2011," he said. "Such a stance canonly be described as being easy monetary policy -- just not aseasy as late 2010."
Kocherlakota, a voter this year on the policy-settingFederal Open Market Committee, is in the minority at the U.S.central bank, where the prevailing view appears to be that therecovery is still too fragile to withstand tighter monetarypolicy any time soon.
The Fed has kept short-term interest rates near zero sinceDecember 2008outlet christian louboutin July 6, and has bought more than $2 trillion inlong-term securities to drive down borrowing costs evenfurther.
At its most recent policy meeting, the U.S. central banksaid it plans to complete its latest round of bond buying inJune as planned, but Fed Chairman Ben Bernanke signaled afterthe meeting that policy makers would likely be in no rush topull back easy money policies while unemployment remains high.
Traders are betting the Fed will not raise rates until itsApril 2012 meeting, based on trading of U.S. short-term ratefutures at CME Group Inc's Chicago Board of Trade.
Kocherlakota, whose speech was very similar to two he hasalready given this month blue louboutin bridal shoes , said he expects core inflation torise to 1.5 percent this year, still below the Fed's unofficialtarget of 2 percent but nearly double the pace last year.Unemployment, now at 9 percent, should fall, but no lower than8 percent and probably to nearer to 8.5 percent, he said.
While those figures are short of optimal, Kocherlakotasaid blue louboutin bridal shoes , both are better than they were last year when the Fedbegan its latest round of bond-buying to boost the recovery.
Kocherlakota repeated he prefers the Fed to begintightening via its target policy rate rather than by sellingassets. (Reporting by David Bailey, writing by Ann Saphir, Editing byChizu Nomiyama)
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Old 07-24-2011, 05:37 AM   #2
Bacon253
 
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Default

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Old 07-24-2011, 05:38 AM   #3
Egnihcevioosa
 
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