The Federal Reserve may have to raise short-term interest
rates "well before" the current guidance of mid-2015 .
Charles
Plosser, FA Society of Philadelphia and The Bond Club
of Philadelphia today . President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia is speaking to the C
He said the that further easing wasn't appropriate nor
likely to be effective. In additions, the actions carry with them
"significant risks" to the Fed's inflation fighting credibility, he
remarked. Plosser was relatively optimistic about the economy, forecasting 3%
growth in 2013 and 2014.
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