U.S. Fed policy-makers' recent comments (from CNBC)

CNBC reports some interesting comments by Federal Reserve policy-makers. Click on the logo to read the story:

Philadelphia Fed President Charles Plosser confirms: The Fed will enter the bond market and buy up Fannie and Freddie bonds to lower interest rates.

Plosser also said the risk of deflation was 'overblown' and that the housing market should finally hit bottom in 2009 when unemployment reaches a peak above 7%.