Headlines from Philly Fed President Charles Plosser

January 8, 2008 8:30 AM EST

Headlines from Philly Fed President Charles Plosser (via Bloomberg):

Optimist growth to improve appreciably by Q3, Q4
If price expectation rise, fed credibility at risk
Must be vigilant on prices, ready to act as needed
Inflation expectations are now more fragile
Concerned inflation to make feds' job tougher in 08
Sees several quarters of sluggish growth
A substantially weaker outlook may need rate action
Fed can do little to affect first-half 08 growth

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