Fed's Plosser Calls Inflation Threat "Serious" and "An Insidious Tax on Consumers"

Fed's Plosser Calls Inflation Threat "Serious" and "An Insidious Tax on Consumers"http://www.mortgagenewsdaily.com/6122008_Feds_Plosser.aspSpeaking in an interview with CNBC, Philadelphia Fed President Charles Plosser said the inflation threat was "serious", and called it an "insidious tax on consumers". Turning towards the credit crunch , the Philadelphia Fed President warned that financialenCommunityServer 2008 SP2 (Build: 31106.96)