Plosser bemoans 'confusion' over Fed communications
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, on February 1 said the Federal Open Market Committee's (FOMC) policy of setting a calendar date for when economic conditions are likely to warrant low rates had led to some confusion.
At the 2012 Economic Forecast Breakfast and Annual Meeting of the Main Line Chamber of Commerce in Gladwyne, Pennsylvania, Plosser, who is not a voting member of the FOMC, said he was not supportive of the most recent decision to extend the
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