The “Hawk Meme”: “Sooner rather than Later” will live on

Given that Charles(Sooner rather than Later)Plosser has announced his retirement, Richard(Inspector Clouseau)Fisher has “picked up the baton”!

It’s assumed in the market place that we’ll start our liftoff in raising interest rates some time between the spring and the summer,” Fisher, a member of the Federal open Market Committee, the Fed’s main policy making body said at a conference in Rome.

“I won’t say what we’re saying internally, that would not be appropriate, but maybe sooner rather than later,” he said.

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