FED says inflation "quite moderate"

I like this kind of talk from the FED myself:

Since fighting inflation is the U.S. Federal Reserve's top concern, investors interpreted the remarks by New York Fed President Timothy Geithner as another sign that the Fed might soon halt its year-plus streak of short-term interest rate hikes.

I guess we are really in the final inning of these rate hikes after all. Now we need some reassurances that housing prices don't go in the toilet and we will have a nice sustained rally.