Feds Plosser on the Wires
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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