Fed's Moskow sees more Interest Rate Hikes, U.S. Growth Strong

Published on:
12 September 2006 at 10:20 a.m. ET

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http://www.insidearm.com/news/00018060-feds-moskow-sees-more-interest-rate-hikes/

By Ros Krasny, Reuters

Chicago Federal Reserve Bank President Michael Moskow on Thursday called for more rate hikes to snuff out any potential for higher inflation at a time U.S. economic growth is on a “self-sustaining” track.

“Appropriate monetary policy … likely entails some further policy action,” said Moskow, who is not a voting member of the Federal Open Market Committee this year.

“If inflation or inflation expectations were to rise persistently, then policy clearly would have to be tightened further,” he added at a University of Chicago Graduate School of Business outlook meeting.

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