Tuesday, July 17, 2007

UPDATE 1-Fed's Hoenig says rate policy could go either way

(Reuters) - Hoenig, speaking to a group of local business leaders, said
he could make a case for the Fed to either raise or lower rates
depending on how the outlook evolved.




"As you look at the economy and you weigh these risks right
now, I can make a case for ... both an easing or tightening as
you move forward," said Hoenig, a voting member of the Federal
Open Market Committee in 2007.


Read more at Reuters.com Bonds News

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