Philly Fed's Plosser Says Fed May Have To Raise Rates Again
By: Reuters
News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The idea is to let MySpace users buy and sell items from each other using eBay's online-commerce technology and its PayPal payment system, the Journal said, adding that MySpace users would be able to post items for sale on their profiles, and their eBay auctions would be automatically updated, according to a person close to the discussions.
Officials from MySpace and eBay were not immediately available to comment.
Philadelphia Federal Reserve Bank President Charles Plosser said more policy tightening may be needed to keep price rises in check as the economy resumes growth.
