Philly Fed's Plosser hints at rate rise
Casting an eye over the current economic climate in the US, the president of Philadelphia's Reserve Bank said there was some risk that policy is not yet firm enough for a return to price stability over a reasonable time horizon.
In a speech at the University of Rochester, Charles Plosser, president of the Philadelphia Reserve Bank, began by noting the good economic performance from the end of 2003 to June this year: where "Real GDP grew at an average rate of about 3.5% - a rate that is probably
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