Philadelphia's Plosser on the economic outlook

In the speech 'The economic outlook: Prospects for 2007' given on 7 February Charles Plosser of the Federal Reserve Bank of Philadelphia said the central bank may need to raise its benchmark interest rate as recent stronger economic growth increases the risk that inflation won't moderate.

"With growth prospects of the economy improving, there is some risk that we may not see a return to price stability unless monetary conditions are further tightened," Plosser said in his speech to the Greater

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