Fed’s Plosser cautions against aggressive monetary policy loosening
Federal Reserve Bank of Philadelphia president Charles Plosser said on March 29 that pursuing an "aggressively" accommodative monetary policy risks leading the Fed down a "very treacherous path".
Speaking to the Rotary Club in Wilmington, Delaware, Plosser highlighted the declining unemployment rate and increased inflation rate as reasons for his caution.
Due to these factors Plosser said further accommodative policy should not be anticipated. He also hinted that the Fed may be forced to act
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