Philadelphia Fed's Plosser fears ‘risky' FOMC strategy on interest rates
Plosser does not want to delay rate hike until job market has ‘completely healed'
The predominant view on the Federal Reserve Open Market Committee (FOMC) that US interest rates should not be raised until the labour market has "completely healed" has been denounced as a "risky strategy" in a speech by Charles Plosser, president of the Federal Reserve Bank of Philadelphia and an FOMC member.
"First, we do not know how to confidently determine whether the labour market is fully healed or when we have reached full employment," Plosser said. "Second, if monetary policy waits
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