Fed's Stern Says Inflation Expectations Based on How Fed Raises Rates

Fed's Stern Says Inflation Expectations Based on How Fed Raises Rateshttp://www.mortgagenewsdaily.com/5282008_Fed_Inflation.aspMinneapolis Fed President Gary Stern said on Wednesday that inflation expectations will be determined by how the Federal Reserve raises rates. On housing, Stern said the housing downturn looks more severe than the 1990s shock, noting that the residentialenCommunityServer 2008 SP2 (Build: 31106.96)