Fed's Plosser calls for more systematic monetary policy approach
Federal Reserve Bank of Philadelphia president Charles Plosser voiced optimism about US unemployment, which he believes will approach 7% by the end of the year and 6.5% before the end of 2014, during a speech at the bank's Interdependence Center's Fifth Annual Rocky Mountain Economic Summit in Jackson Hole, Wyoming on Friday.
Noting the US Federal Reserve's current policy tools – the federal funds rate, quantitative easing and forward guidance – Plosser offered three steps for a more systematic
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