Feds Plosser on the Wires

Written February 14, 2012 at 10:34 AM EST by  

Says:

  • ‘Uncertainty’ on impact of expanding fed assets
  • Public may expect more from Fed than it can deliver
  • U.S. has ‘very serious economic imbalances’
  • Monetary policy shouldn’t be used as ‘A crutch’
  • Fed is doing ‘everything we can’
  • ‘Pressure is enormous’ on fed to think short term
  • Fed begins treasuries under maturity extension program

 

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